Cryptocurrency analytics firm Alphractal announced that selling pressure from Bitcoin miners has dropped to its lowest level since May 2024.
According to the company’s assessments, this decline in selling pressure from miners has historically often been followed by periods of sideways consolidation or price declines.
Alphractal's statement noted that low selling pressure rarely produces positive effects, however, positive reactions are observed more often in the following periods:
- December 2012
- September 2013
- A few months into 2016
- July 2021
In most cases, Bitcoin continued to trade sideways or in price declines.
In April 2025, Hash Rate (processing power) reached an all-time high, then fell, and a slight recovery was seen recently. This movement is similar to what happened in April 2021. The company also states that April 14, 2021 and April 14, 2023 stand out as local peaks for Bitcoin, making April a critical period for mining.
Although it is stated that there will be no price peak as of 2025, the recent decline in Hash Rate raises the question of whether a similar weakening phase has been entered in 2021.
It is stated that the current miner selling pressure remains low, which is an indication of miners wisely selling their Bitcoins at the beginning of 2025. However, if a capitulation process begins in the mining sector, a new wave of selling pressure may emerge. The main factors to be monitored are as follows:
- BTC price movements
- Hash Rate trends
- Mining difficulty
- Performance of publicly traded mining companies
*This is not investment advice.
