Isn’t there as much pressure to sell Bitcoin? [BTC] as it seems?
Miners are keeping their assets stable, giving us a calmer supply environment. While it may not be a trend reversal, one of the main sources of market pressure has certainly diminished.
Here is the overview…
Miner deposits have fallen sharply
Miners’ deposit transactions have fallen, with press time showing almost 8,138 transactions – one of the lowest levels in recent times.
The value indicated a slowdown due to heavy activity in late 2025, when mining deposits sometimes exceeded the 100,000 transaction mark.
Since the beginning of 2026 the trend has been delayed. Spikes became smaller and less frequent and miners don’t move Bitcoin to exchanges as often as before. This is important because miners’ deposits are often tied to potential sales or profit taking.
Rebuilding miners’ reserves
That’s not all, as miners’ reserves are recovering from lower levels around February and March, with press time showing almost 1.8 million BTC. This essentially means that miners are holding more Bitcoin instead of moving it.
Here the jump in March is notable, followed by a period in which reserves remained high. Even though reserves have since calmed down from that local peak, they are still above the lows seen earlier this year.
Lack of good sales pressure
After the decline in deposit transactions and the recovery of reserves, the net flow of miners also does not show consistent outflows. In fact, the most recent readings appeared to be close to neutral, with short jumps on either side.
There was a positive peak at the end of March, but it did not become a trend. Since then, however, net flows have remained uneven, with Bitcoin worth almost $77,000.
As it stands now, miners are not aggressively adding selling pressure. While this does not guarantee a profit, it eliminates one major source of short-term supply risk.
To understand this further, consider the mining economy. Most top platforms, including Antminer U3S and S23 variants, are operating well above their shutdown prices. Simply put, miners are under no pressure to liquidate.
Final summary
- Deposit transactions for Bitcoin miners dropped to approx. 8K, with reserves close to 1.8 million BTC.
- It is currently a calmer supply environment for BTC.