Bitcoin has managed to reclaim the $88,000 level, offering a brief sense of stability after weeks of choppy price action. However, the broader picture remains fragile. Since early December, BTC has repeatedly failed to push above the $90,000 threshold, a level that continues to cap upside attempts and reinforce market hesitation. Related Reading: Bitcoin Supply In Profit Sets The Stage For Bullish Cross In Q1 2026 Adding to the cautious outlook, CryptoZeno, a CryptoQuant analyst, points to miner behavior as a growing short-term risk factor. According to his analysis, Bitcoin miner outflows are signaling rising sell-side pressure, a dynamic that has historically mattered during periods of weak momentum. The data shows a clear relationship between miner activity and short-term price movements. Sharp increases in total miner outflows—especially when large volumes of BTC are sent to exchanges—have frequently coincided with local price pullbacks rather than sustained rallies. Miners are often considered informed market participants, typically operating with relatively low cost bases. When their distribution activity increases, it can introduce additional supply at moments when spot demand is already struggling to absorb selling pressure. While miner outflows alone do not define a broader market top, they can amplify short-term weakness, particularly in range-bound conditions like the one Bitcoin is currently facing. Miner Outflows Reinforce Short-Term Downside Risks The report explains that recent spikes in Bitcoin miner outflows have repeatedly been followed by immediate or near-term price weakness, reinforcing the link between miner behavior and short-term market dynamics. These episodes suggest that miners—often considered informed participants with relatively low production cost bases—are actively distributing supply during periods of strength or heightened uncertainty. While a miner selling on its own does not signal a macro market top, it frequently adds incremental supply at sensitive moments, increasing short-term pressure when liquidity is thin, or spot demand is unable to absorb new inflows. CryptoZeno adds that elevated miner outflows typically reflect a combination of factors. These include profit realization after rallies, the need to cover operational expenses, or a defensive response to weakening price structure. From an on-chain perspective, this behavior is not unusual during corrective or range-bound phases. However, when miner transfers to exchanges cluster within a short time window, their impact becomes more pronounced. Concentrated outflows can materially increase sell-side pressure on exchanges, raising the probability of corrective price moves rather than sustained upside continuation. At the macro level, miner distribution becomes especially influential when paired with broader headwinds. Neutral or declining risk appetite, tighter liquidity conditions, or cooling derivatives sentiment all reduce the market’s capacity to absorb additional supply. In such environments, miner-driven selling is less likely to be smoothly digested and can instead amplify downside volatility, keeping Bitcoin vulnerable in the near term. Related Reading: XRP Slides To $1.80 While Binance Reserves Continue To Decline Bitcoin Struggles Below Key Resistance Bitcoin continues to trade in a tight consolidation range after failing to reclaim the $90,000 level, as shown on the daily chart. Following the sharp breakdown in November, price found support in the $85,000–$87,000 zone, where selling pressure began to ease and volatility compressed. Since then, BTC has been moving sideways, signaling indecision rather than a decisive trend reversal. From a technical perspective, Bitcoin remains capped below its declining short-term moving averages. The 50-day moving average continues to slope downward and acts as dynamic resistance. The 100-day and 200-day moving averages sit well above the current price, reinforcing a broader bearish structure. As long as BTC trades below these levels, upside attempts are likely to be sold into rather than sustained. Related Reading: XRP Selling Pressure Returns: Investors Shift From Holding to Distribution After the heavy sell-off in November, trading volume has gradually declined. This suggests that aggressive sellers have stepped back, but new demand has not yet entered with conviction. This typically characterizes a stabilization phase rather than the start of a new impulsive move. Structurally, Bitcoin is forming a base, but confirmation remains absent. A daily close above $90,000 could signal a meaningful shift in momentum. And would open the door for a recovery toward higher resistance zones. Conversely, a loss of the $85,000 support area could expose BTC to another leg lower. For now, the chart reflects balance, hesitation, and a market waiting for a catalyst. Featured image from ChatGPT, chart from TradingView.com
The company year-to-date has mined 3,986 bitcoin and now ranks seventh among publicly traded BTC holders with 12,608.
IREN plans to expand its AI infrastructure at its site in Childress, Texas, with a new data center set for delivery by the end of 2025
The firm has set its sights on 60 EH/s.
The firm plans on using the proceeds to offset potential equity dilution and market risk.
The mining firm sold 178 BTC near May’s price peak to cover expenses and boost liquidity.
With hashprice hovering near break-even levels, miners liquidated 115% of April production.
Riot also announced it has hired investment banks Evercore and Northland Capital Markets to lead discussions with potential AI and HPC partners.
CleanSpark joins MARA Holdings, Riot Platforms and Hut 8 Mining Corp as a major listed Bitcoin mining firm with 10,000 Bitcoin or more on its balance sheet.
Marathon Digital (MARA) is one of the largest players in the Bitcoin mining space, and it has just unveiled a new approach to managing cost of operations. In a bid to ease financial pressures and generate returns, the company is lending 7,377 BTC, or about 16% of its deposit. This strategic play demonstrates how the […]
Bitcoin miner Hive Digital will move its headquarters from Vancouver to Texas, saying Trump will make Bitcoin mining great again.
It’s beginning to look like a race as miners scramble to buy Bitcoin before the price keeps rallying.
Bitcoin mining company Riot Platforms has increased its BTC holdings with the addition of over 5,000 coins in the past few days. This significant purchase came on the back of reports that the miner was under pressure from activist investor Starboard Value. How Much BTC Does Riot Platforms Currently Own? On Friday, December 13, Riot […]
CleanSpark joins the crowd in raising funds through convertible notes, but doesn't plan to invest the proceeds.
The activist investor is said to be pushing Riot to optimize the use of its facilities the same way many of its colleagues already have.
Bitcoin recently experienced a small retrace from its all-time high of $99,800, dropping to a low of $90,700. Despite this pullback, the price action remains bullish as BTC shows resilience and recovers from the dip. Market momentum remains strong, with key players continuing to show confidence in the asset’s long-term potential. Related Reading: ‘Even In […]
Foreign real estate deals near sensitive U.S. military bases will get more government scrutiny under a new rule from the U.S. Department of the Treasury that has emerged after President Joe Biden ordered a China-tied crypto mining operation beside a Wyoming nuclear missile base shut down earlier this year.
Bitcoin miners could increase profitability and improve "bad balance sheets" by allocating some of their energy capacity to the AI and HPC sectors, according to VanEck.
Marathon Digital Holdings, Inc. (NASDAQ: MARA), the world’s largest public listed Bitcoin miner with a market cap of more than $5 billion, has announced a strategic financial initiative to bolster its Bitcoin holdings through the issuance of $250 million in convertible senior notes. Thus, Fred Thiel, Chairman and CEO of Marathon Digital is adopting a […]
The hostile offer comes after a private offer to the board was rejected in April.
Bitcoin miner Marathon Digital has reviewed its hash rate target for this fiscal year to 50 EH/s, according to an April 25 statement. Initially, the miner aimed to boost its mining capacity by about 46% by year-end to as high as 37 EH/s from 24.7 EH/s. However, buoyed by its recent acquisition of a 200-megawatt […]
The post Marathon Digital doubles hash rate target to 50 EH/s appeared first on CryptoSlate.
The Bitcoin halving, one of the most anticipated crypto events in 2024, is less than a month away, and miners seem to be in full preparation for its aftermath. The April event is expected to slash mining rewards on the Bitcoin network in half, making the validation of transactions less lucrative. As of now, miners […]
The firm’s share price decline came just before activist short-selling firm JCapital Research released an unverified report warning Hut 8 investors of an “upcoming pump and dump.”
Marathon Digital mined a whopping 1,853 Bitcoin in December, its most ever in a month.
Bitcoin miners' reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows.