Behind the 'Silence' of Bitcoin Miners Lies a Storm, Will the Market Face a Dramatic Change?

The selling pressure from Bitcoin miners has reached the lowest point in 10 months, a phenomenon that fills the market with both anticipation and unease. Are miners exhibiting confidence in the calm, or is it the last tranquility before the storm? As hash rate data coincides with historical highs, investors are faced with a crucial choice: to continue watching or to act cautiously?

Currently, the low selling pressure from mining stocks is comparable to rare situations in 2012, 2013, 2016, and 2021. At those times, Bitcoin's price was underperforming, and the 'silence' from miners did not indicate confidence but rather concealed pressure. Especially in April 2025, when the hash rate hit a new high but quickly retreated, history's alarm bells rang again — this might be a precursor to miners' fatigue.

Although miners have been quite cautious since the beginning of 2025, if Bitcoin's price falls, panic selling may follow. Once miners are forced to sell, the Bitcoin market could face severe volatility.

The current Bitcoin price is close to $95,000, but momentum indicators show a decline in market enthusiasm. RSI is nearing overbought, OBV indicators are stable, and buying pressure is weak. Without new bullish catalysts, breaking through $95,500 remains out of reach.

The 'silence' of miners is a barometer for the market. Smart investors should not overlook this point; the truth behind it may be more shocking than the tranquility itself!