Key points:
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Bitcoin miners have stopped selling their BTC in what the end of a length distribution streak may indicate.
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During the past month, miners wallet balances have increased by around 2,700 BTC.
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HASH tape data show that good times continue for miners and BTC prices force.
The accumulation of Bitcoin (BTC) for the miners is back when the network participants exchange the sale for monopolizing at $ 75,000 minimums.
Ochain Glassnode’s analysis firm data show that miners are now actively adding to their BTC reserves.
Bitcoin Miners Buck months for sale
Bitcoin that reaches Multimonth minimums in April caused a change of sea in the behavior of the miner, with a length sales streak that is reversed in a significant accumulation.
Glassnode shows that shortly after BTC/USD touched a bottom below $ 75,000, the balance in Item miners wallets found a floor, just to start increasing along with the price.
Miner Wallets Hero 1,794,622 BTC on April 12, while as of May 13, they had reached 1,797,330 BTC, an increase or 2,708 BTC or 0.15%.
While it is minimal in terms of total ownership, the change is conspicuous, since it follows a series of sales that initially gained momentum in the late 2023. This, in turn, has led to optimism on the BTC price trajectory.
“Extremely optimistic for Bitcoin!” The popular merchant and investor Mister Crypto summarized in part of an X reaction, referring to similar data from the Ochain Cryptoquant analysis platform.
The miners have stopped selling.
Extremely optimistic for Bitcoin! pic.twitter.com/blucm5gmgl
– Mister Crypto (@Misterrcrypto) May 14, 2025
Previously, Cointegraph reported on the decrease in the pressure on the side of the sale of miners that helped contribute to the price trend, with institutional purchase volumes that eclipse the amount of BTC extracted per day.
📊 Market update: #Bitcoin The miners’ sales pressure is at its lowest point since 2024.
A low value implies that miners are holding their coins and are not increasing the $ BTC Supply in the current market, which is positive for the price.
(H/T: @Alphractal ) pic.twitter.com/m6imz7jret
– Cointelegraph Merkings & Research (@Cointelegraphmt) May 10, 2025
HASH tapes deliver a classic btc btc signal
Meanwhile, a classic conduct of miners’ deck continues to show a classic performance from its last “buy” signal.
Related: Bitcoin Illiquid Supply hits 14m BTC since Hodlers established the upward market record
The hash tapes, created by the quantitative investments of Bitcoins and the digital fund of the asset fund, uses two mobile averages of hashrate to delineate periods of “capitulation” among the miners.
Since he offered his latest entrance council at the end of March, BTC/USD has won around 20%.
“The HASH tapes are still showing a purchase signal here,” said Mister Crypto in a publication about the phenomenon this week, predicting that the BTC price “will go much higher in May.”
This article does not contain advice or investment recommendations. Each investment and trade movement implies risk, and readers must carry out their own investigation by making a decision.
