🔥 BITCOIN MINERS $BTC SELL OVER 108,000 BTC: INSTITUTIONS ARE BUYING—WHO IS SELLING?
A notable paradox is emerging in the Bitcoin market: while institutional money continues to seek exposure to BTC through ETFs, many major Bitcoin mining companies are having to sell their reserves.
According to data from Lookonchain, 14 mining companies have sold or recorded outflows totaling approximately 108,247 BTC since the start of the year, worth an estimated $8.08 billion.
Notably, selling pressure is heavily concentrated in two companies:
🔸 MARA: 40,581 BTC — approximately $3.03 billion.
🔸 Riot Platforms: 20,264 BTC — approximately $1.51 billion.
Together, these two companies account for 60,845 BTC, equivalent to 56.2% of the total BTC tracked.
108,247 BTC is a very large amount, but we shouldn’t assume that all of it has been sold directly onto the market immediately.
However, if selling pressure from miners continues while buying demand weakens, the market will face a significant additional source of supply.
In my view, this is not yet enough to conclude that Bitcoin is entering a prolonged bear market.
What I want to watch is the imbalance between two factors:
Supply: Will miners continue selling their reserves to cover expenses?
Demand: Can ETF inflows and long-term investors absorb this supply?
#bitcoin #CryptoMarket #Bitcoinmining
A notable paradox is emerging in the Bitcoin market: while institutional money continues to seek exposure to BTC through ETFs, many major Bitcoin mining companies are having to sell their reserves.
According to data from Lookonchain, 14 mining companies have sold or recorded outflows totaling approximately 108,247 BTC since the start of the year, worth an estimated $8.08 billion.
Notably, selling pressure is heavily concentrated in two companies:
🔸 MARA: 40,581 BTC — approximately $3.03 billion.
🔸 Riot Platforms: 20,264 BTC — approximately $1.51 billion.
Together, these two companies account for 60,845 BTC, equivalent to 56.2% of the total BTC tracked.
108,247 BTC is a very large amount, but we shouldn’t assume that all of it has been sold directly onto the market immediately.
However, if selling pressure from miners continues while buying demand weakens, the market will face a significant additional source of supply.
In my view, this is not yet enough to conclude that Bitcoin is entering a prolonged bear market.
What I want to watch is the imbalance between two factors:
Supply: Will miners continue selling their reserves to cover expenses?
Demand: Can ETF inflows and long-term investors absorb this supply?
#bitcoin #CryptoMarket #Bitcoinmining
