Bitcoin News
By Maheen Hernandez
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After weeks of bullish momentum, Bitcoin recently climbed to a record high of $110,000, capturing the attention of the global financial market.
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Miners play a crucial role in the health of the Bitcoin network. Their profitability increases as Bitcoin’s price rises, and naturally, many take advantage of such opportunities…
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While this may initially seem alarming, it’s important to understand the context. Historically, miner inflows have spiked to 100 BTC per day or more during intense selling periods.
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This time around, the selling seems more cmemalculated. Rather than dumping large amounts of Bitcoin all at once, miners appear to be offloading selectively, likely to cover…
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Supporting this sentiment is a key indicator known as the Miner Supply Ratio, which has fallen to 0.090. This figure shows the proportion of mined Bitcoin being sold versus held.
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Further reinforcing the idea of a healthy market is the Puell Multiple—a metric that compares current miner revenue to the annual average. At a current reading of around 1.
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Despite increased miner activity, Bitcoin’s market has remained resilient. Exchange netflows—measuring the net amount of Bitcoin entering or leaving exchanges—have stayed mostly…
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There was only one day of positive netflow over the past week, pointing to the market’s ability to absorb the added supply without significant downward pressure on the price.
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Still, it’s worth noting that the situation could shift if miners begin to sell at higher volumes or if buying momentum slows.
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Bitcoin has already retraced slightly from its $110,000 high, briefly dipping below $108,000. Despite this minor correction, the broader sentiment remains bullish.
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In summary, the current increase in miner selling is notable but not cause for alarm. The data suggests a measured approach from miners, who are likely taking profits while still…
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