Cryptocurrency analytics firm Alphartal reported that pressure from Bitcoin miners has dropped to its lowest level since May 2024.
According to experts, a reduction in mining pressure has historically often preceded periods of sideways consolidation or falling prices.
Alphartal's statement emphasized that low seller influx rarely leads to positive results, but positive reactions are more often observed during the following periods:
- December 2012
- September 2013
- Several months of 2016
- July 2021
In most cases, Bitcoin continued to trade sideways or lose value.
In April 2025, the hashrate (processing power) reached an all-time high, after which it declined, and has seen a slight recovery recently. This movement is similar to what happened in April 2021. The company also points out that April 14, 2021 and April 14, 2023 stand out as local peaks for Bitcoin, making April a critical time for mining.
While it is claimed that there will be no price peak in 2025, the recent decline in hashrate raises questions about whether a similar weakening phase has arrived in 2021.
It is noted that the current selling pressure from miners remains low, indicating that they are wisely selling their Bitcoins in early 2025. However, if the mining sector begins to capitulate, this could lead to a new wave of selling pressure. The main aspects to watch are:
- BTC Price Dynamics
- Hashrate trends
- Difficulty of extraction
- Performance of public mining companies
*This is not investment advice.
Source: cryptonews.net
