🚨 Bitcoin mining companies are疯狂“抛售”！First quarter surpasses the total for all of 2025!

Latest data👇

👉 Total sales by mining companies: over 32,000 BTC
👉 Reached a new quarterly high, more than the entire year of 2025!
👉 Major mining companies include: MARA, CleanSpark, Riot, Cango, Core Scientific, and 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 Mining companies selling coins = market selling pressure: a large influx of BTC into the market may intensify selling pressure, negatively affecting prices in the short term.
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: miners selling Bitcoin increases market selling pressure, possibly causing price volatility or corrections.
Mining profitability issues: miners selling at low prices may reduce 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 inflows: after Bitcoin’s price adjustment, more long-term funds may enter the market.
🧠 My core judgment:

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

Summary in one sentence:

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

🚨 Remember:

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