Miners have increased their coin sales, and the pressure on the BTC market is increasing.

The Bitcoin market has seen a sharp increase in miner pressure, as net flows from Binance Pool have plunged into deep negative territory. Data shows that BTC miners are withdrawing significant amounts of coins to exchanges, which typically indicates preparation for selling or active coin fixing. At the same time, the Bitcoin price has fallen from $120,000 to $81,000, and aggressive miner outflows have significantly increased supply on trading platforms. This behavior indicates growing stress among industry participants.

A further decline while negative flows persist creates the risk of accelerated sell-offs. If miners continue selling even in the face of falling prices, this indicates a lack of capital and the need to cover operating expenses. Additional pressure arises during periods of declining hashrate, when inefficient equipment is shut down, forcing participants to convert their BTC holdings to offset losses.

The current cost zone is becoming critical for assessing market sustainability. At around $83,000 per BTC, many legacy rigs are operating at a loss. This is especially true for small miners and farms with high electricity costs in Europe and Asia, where the cost of Bitcoin mining is $95,000–$120,000. Their forced sales are becoming a source of panic.

Mid-tier cars are operating at breakeven at $75,000–$90,000, so a drop below $80,000 could lead to a second wave of forced selling and increased pressure.

The most efficient large miners remain profitable in the $55,000–$70,000 range. Analysts estimate that this is the area where a deep market bottom could form if the correction continues. The global average cost of mining is in the $78,000–$82,000 range, making current levels particularly dangerous.

Source: cryptonews.net