Bitcoin miners may be done selling.
Since Aug. 21 — when $BTC touched $76K — there have been no extreme miner outflows.
That’s important because miners were previously under heavy pressure, with their profitability moving from “extremely underpaid” to “fairly paid.”
Now the picture is changing:
▸ Miner selling pressure has cooled
▸ A steady source of BTC supply is fading
▸ Miners have less incentive to sell aggressively
If this trend continues, it could remove another major headwind for Bitcoin.
Less miner supply hitting the market = a cleaner supply setup for $BTC.
Watching this closely.
Since Aug. 21 — when $BTC touched $76K — there have been no extreme miner outflows.
That’s important because miners were previously under heavy pressure, with their profitability moving from “extremely underpaid” to “fairly paid.”
Now the picture is changing:
▸ Miner selling pressure has cooled
▸ A steady source of BTC supply is fading
▸ Miners have less incentive to sell aggressively
If this trend continues, it could remove another major headwind for Bitcoin.
Less miner supply hitting the market = a cleaner supply setup for $BTC.
Watching this closely.