When Bitcoin’s price drops to $77.7k, Bitcoin miners experience an escalation of financial challenges, causing a significant increase in transfers to crypto exchanges. Miners’ sales strength increases according to cryptographic on-chain data, as historic market patterns show a drop in additional prices until strong buyer settlements stabilize supply.
Bitcoin Miner Selling Pressure Increasing at Lows
“Miners are forced sellers, and their flows impact market liquidity. High miner selling at lows suggests they are under financial pressure, possibly due to increasing costs.” – By @IT_Tech_PL
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— CryptoQuant.com (@cryptoquant_com) March 11, 2025
Minor offloading BTC at the bottom of the local
As Bitcoin fell below $78K, the number of miners has increased significantly in the number of transfers to crypto exchanges. The market slump will lead miners to sell Bitcoin to cover their operating expenses, further lowering BTC prices. Green bars on Cryptoquant’s charts record key miner exchange activities during major price drops.
Historical prices sold by miners were equivalent to the bottom of the local market, according to chart data. As miners continue to sell their assets, a long-term bearish trend arises as miners continue to sell their assets due to insufficient liquidity.
Why do miners sell more?
A variety of factors contribute to why miners are increasing liquidation practices.
Operational Cost
Mining operations require ongoing funding to cover both operating and power usage costs, as well as hardware maintenance services. The decline in Bitcoin prices allows miners to sell additional coins to maintain operational readiness.
Impact of market liquidity
The imbalance between mining sales and buyer purchases increases sales pressure and lowers market prices.
Potential market impact
The strength of market demand can prevent distribution pressure from permanently affecting Bitcoin prices, which could lead to a price recovery. BTC prices could experience additional declines as miners maintain their current BTC sales rate.
Data from Cryptoquant demonstrates that on-chain metrics represent a key component of market forecasts, as recent price movements are attributable to minor activity. Short-term market activities show signs of volatility as miners may conduct additional tests of support levels before stabilizing prices.
The market tracks Bitcoin’s transaction logistics along with the trends in exchange supply, determines the evolution of prices afterwards, and miners drive a decline in current market value.
