🚨 Bitcoin mining companies are raging“selling”! First quarter sales exceed the total for all of 2025!

Latest data👇

👉 Total sales by mining companies: over 32,000 BTC
👉 Reached a new quarterly high, more than the entire year of 2025!
👉 Major mining companies include: MARA, CleanSpark, Riot, Cango, Core Scientific, and Bitdeer

🧠 What signals are behind this?

In short:

👉 Mining companies are forced to sell Bitcoin due to “funding pressure”

As the hash price drops to $33/PH/s, the breakeven point for miners is about $35/PH/s. Many miners face profitability issues and have to sell coins to ease financial pressure.

🔥 Why is this matter so critical?

1️⃣ Selling by mining companies = market selling pressure: A large influx of BTC into the market may intensify selling pressure, which is unfavorable for short-term prices.
2️⃣ Declining miner reserves: Since 2023, Bitcoin miner reserves have decreased from over 1.86 million BTC to about 1.80 million BTC, reflecting liquidity stress among miners, which may lead to continued selling.

🎯 Impact on the market:
✅ Bearish:
Short-term pressure: Miner sales of Bitcoin increase market selling pressure, possibly causing price volatility or corrections.
Miner profitability issues: Low-price selling by miners reduces their long-term confidence in holding coins, affecting market health.
✅ Long-term positive:
Miner clearing: If miners’ high selling pressure is released, the market may enter a healthy supply-demand balance.
Price correction may attract capital inflows: After Bitcoin’s price adjustment, more long-term funds might enter.
🧠 My core judgment:

Large-scale selling by miners is a “short-term pressure” on the crypto market, but also part of the “cleansing” process. Once the selling pressure is absorbed, the market could become healthier.

Summary in one sentence:

📉 Short-term selling pressure increases
💡 Long-term is a “market washout” period

🚨 Remember:

Market strength is not only reflected in price,
but also in miners’ “confidence index”.