Bitcoin Miners Shift to Accumulation as Selling Pressure Drops
⛏️📈💎
According to Cointelegraph, Bitcoin miners have stopped selling and started stacking BTC — signaling a potential end to the long distribution phase.
In the last month alone, miner wallets added 2,708 BTC, a shift that began in April when BTC/USD dipped just below $75,000.
📊 From 1,794,622 BTC on April 12 to 1,797,330 BTC by May 13 — a 0.15% increase. Not massive, but meaningful after months of sell pressure that started back in late 2023.
🔁 Accumulation mode: ON
Why does this matter?
Miners holding = reduced supply pressure
Meanwhile, institutional demand is strong, and daily mined BTC is being outpaced by buy volume.
📉 Selling pressure = lowest since 2024
The bullish signal is also confirmed by Hash Ribbons, which still show a “buy” signal — with BTC already up ~20% since late March, when it flashed green.
📈 Mister Crypto says the trend could fuel a strong rally in May.
Are miners HODLing for $80K+?
Drop your predictions below!
