Selling pressure from Bitcoin miners has reached the highest level of the year, creating new challenges for BTC's short-term price increase.
The selling wave from Bitcoin whales and large-held wallets is increasing the amount of BTC being sent to exchanges, causing prices to potentially experience sharp fluctuations or oscillate within a certain range before the next move.
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Selling pressure from Bitcoin miners reached 16,000 BTC on July 15, the highest level of the year.
Whales holding between 100 to 1,000 BTC have reduced their holdings by about 3,000 BTC since mid-June.
ETFs bought 21,000 BTC but couldn't absorb all the selling pressure from large investors.
How does selling pressure from Bitcoin miners affect the market?
Data from CryptoQuant confirms that BTC miners sold up to 16,000 coins on July 15, exceeding even the peak in April this year.
This shows that large miners are taking advantage of rising prices to take profits, creating increased selling pressure on exchanges, which could cause the market to fluctuate or experience strong volatility in the short term.
What are the big Bitcoin whales doing?
CryptoQuant also noted that wallets holding between 100 to 1,000 BTC have reduced their balance from 68,000 BTC to 65,000 BTC, corresponding to 3,000 BTC sold since mid-June.
During the price surge in April, this group had sold about 5,000 BTC and then continued to accumulate when prices stabilized. But this time, they have become a large supply source that strongly impacts the recovery above $120,000.
"Large Bitcoin holders are the main reason for the surge in BTC sent to exchanges. The amount of BTC transferred to exchanges in lots of over 100 coins increased from 13,000 to 58,000 BTC during the same period."
CryptoQuant, Market Analysis, July 2025
Can the value of ETFs and Bitcoin funds neutralize selling pressure?
Although ETFs bought 21,000 BTC during the same period, this amount was not enough to absorb all the BTC sold on the market.
Additionally, organizations holding BTC treasuries have also added about 5,000 coins, supplementing the liquidity shortage created by miners and whales.
Source: Glassnode
What do experts think about the upcoming Bitcoin price trend?
Willy Woo, a leading analyst, predicts that Bitcoin prices will remain in a narrow range in the near term, creating opportunities to eliminate unsustainable speculative positions.
I can see a decent consolidation here and lots of bets being purged. Patience is likely to be rewarded.
Willy Woo, Independent Analyst, July 23, 2025
Frequently Asked Questions
How does selling pressure from Bitcoin miners affect BTC prices?
High selling pressure from miners may create strong volatility and cause BTC prices to fluctuate or decrease in the short term due to increased supply on exchanges.
What actions are Bitcoin whales taking currently?
Whales are reducing their BTC holdings, selling part to take profits, which directly affects liquidity and price volatility in the market.
How do ETFs and BTC funds handle selling pressure?
ETFs and funds are buying a lot of BTC to balance supply and demand, but have not fully absorbed all the BTC sold on the market.
What does Willy Woo forecast for the future price of Bitcoin?
Willy Woo predicts that Bitcoin will stabilize, creating opportunities to filter out risky positions and maintain sustainable upward momentum after the correction phase.
Does high selling pressure on BTC pose any risks?
The biggest risk is that BTC prices could be sharply corrected or create unstable volatility, making the market hard to predict.
Source: https://tintucbitcoin.com/bitcoin-16-000-btc-ban-thi-truong-rui-ro/
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