🚨 Bitcoin mining companies are疯狂“抛售”！First quarter比2025年全年总和还多！

Latest data👇

👉 Total sales by mining companies: 超过3.2万枚BTC
👉 创下单季度新高，比2025年全年还多！
👉 Major mining companies include: MARA、CleanSpark、Riot、Cango、Core Scientific 和 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 mining companies is about $35/PH/s, many miners face profitability issues and have to “sell coins” to ease funding pressure.

🔥 Why is this matter so critical?

1️⃣ Selling coins by mining companies = Market selling pressure: A large influx of BTC into the market may intensify selling pressure, which is short-term unfavorable for prices.
2️⃣ Decline in 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 selling Bitcoin increases 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 inflow: After Bitcoin price adjustments, more long-term funds may enter.

🧠 My core judgment:

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

Summary in one sentence:

📉 Short-term selling pressure increases
💡 Long-term is the “shakeout” period for the market

🚨 Remember:

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