Bitcoin Miner Reserves and Market Dynamics

Miner reserves are a pivotal factor in understanding crypto price movements. Bitcoin miners either hold their earnings or sell them, influencing market sentiment and price dynamics. Since mid-2024, a notable decline in miner reserves suggests increased selling activity, potentially driven by profit realization or operational costs.

Despite a price surge at the end of 2024, miner reserves remained low, indicating continued selling. As of March 2025, reserves show a sideways trend, possibly reflecting miners' anticipation of further market rises. Investors should monitor these trends; declining reserves may signal selling pressure, while stable reserves could indicate market confidence and potential price growth.