Bitcoin Decline Pushes Miners to Sell: "Things Get Unpleasant if Buyers Don't Come" - Coin Bulletin

Bitcoin (BTC) miners accelerate their sales in price declines, increasing selling pressure in the market, which may make it difficult for the price to recover.

Bitcoin's (BTC) price has recently dropped to $77.7 thousand, leading to a significant increase in the amount of BTC sent by miners to cryptocurrency exchanges. According to the latest data shared by CryptoQuant analyst, miners are selling their BTC to overcome financial difficulties during periods of price decline.

This situation makes it difficult for Bitcoin price to recover by increasing selling pressure in the market.

Bitcoin miners usually sell their BTC to cover operational costs. However, these sales typically intensify at market bottoms, creating downward pressure on the price. According to the analyst, the financial difficulties experienced by miners due to increasing energy and operating costs may be the main reason for the current increase in sales. If miners continue to sell in this way, it may become even more difficult for Bitcoin to rise again in the short term.

To balance the increasing selling pressure from miners, there needs to be a strong buyer demand in the market. If BTC investors create a strong demand to match these sales, price stability can be achieved, and an opportunity for a new uptrend may arise. However, if the opposite happens, meaning if there are not enough buyers while miners continue to sell, the possibility of lower levels for BTC price will also strengthen.