Bitcoin Miners Record Lowest Selling Pressure Since 2024 — What It Means for the Market

Bitcoin miners are now exhibiting the lowest levels of selling pressure since May 2024, according to new analysis from Alpharactal — a development that could have major implications for Bitcoins price action heading into mid-2025.

Historically, periods of low miner selling pressure have often been followed by sideways consolidation or even price declines rather than immediate bullish breakouts. While there have been a few exceptions — most notably in December 2012, September 2013, parts of 2016, and July 2021 — the majority of similar past instances have resulted in muted or negative price movements.

April: A Critical Month for Bitcoin Mining Cycles

In April 2025, Bitcoins hash rate reached an all-time high, followed by a minor dip and a slight recovery — a pattern closely resembling April 2021. Historical data shows that April 14 has been a notable local top date for Bitcoin, with similar peaks recorded in 2021 and 2023.

While no clear price top has formed in 2025 so far, Alpharactal warns that the recent hash rate behavior raises an important question: Are we about to enter another weakening phase like 2021？

The current state of miner behavior suggests that many miners strategically sold their Bitcoin holdings at the beginning of 2025, capitalizing on higher prices and minimizing downside risk for themselves. However, if the sector faces additional stress — like increased mining difficulty or squeezed margins — a fresh wave of miner-driven selling pressure could reemerge.

Key Indicators to Watch Going Forward

To better understand and anticipate miner behavior and its market impact, Alpharactal recommends closely monitoring:

• Bitcoin price movements
• Hash rate trends
• Mining difficulty adjustments
• Performance of publicly traded mining companies

A spike in selling from miners has historically served as a precursor to market corrections, while sustained low pressure could allow for continued stability — at least until a major catalyst emerges.

Outlook: Miners Are Calm, But Caution Is Warranted

For now, the low selling pressure from miners is a neutral-to-slightly-positive sign for Bitcoin. But history reminds us that these conditions often precede choppy or corrective periods rather than explosive rallies.

The mining sector‘s health and behavior over the next few months will likely play a crucial role in shaping Bitcoin’s mid-year trajectory.