Bitcoin Under Pressure: 85.5K BTC Selloff Threatens Support

The cryptocurrency market has seen increased volatility over the past 48 hours due to intense selling of bitcoin by miners. According to analysts, over 85.5 thousand BTC have been sold during this period, which is equivalent to hundreds of millions of dollars at current prices. This pressure has pushed the bitcoin rate down to around $111,000, increasing volatility and causing concern among investors. Such sell-offs are often associated with low mining profitability, when companies are forced to sell accumulated coins to cover the costs of electricity and equipment.

The critical support level remains at $105,000, which experts call the “last line of defense.” A break of this level could trigger a further decline, possibly below $100,000, causing panic selling among retail and institutional investors. However, historical data gives hope: in May 2025, after similar massive selling, the rate recovered to $109,000. This points to the cyclical nature of the market, where miner capitulation can precede a new rally.

Despite the current negativity, the market maintains optimistic signals. Demand for spot ETFs remains robust, while DeFi developments and integration with traditional finance could attract new capital. Analysts advise monitoring the hash price and trading volumes to predict a possible rebound. In the coming days, the actions of large miners will remain in focus as their sales continue to set the tone for the market.

Source: cryptonews.net