- Bitcoin miner selling pressure hits lowest level since May 2024, signaling market uncertainty.
- Hashrate peaked in April, echoing past tops before major Bitcoin price corrections.
- Momentum weakens as RSI nears the overbought zone, raising short-term correction risks.
Bitcoin miners have taken a step back and selling pressure sits at a 10-month low. For some, that’s bullish. For others, it feels like the calm before a thunderstorm. As hashrate data echoes past market tops, history whispers caution. Investors now stand at a crossroads. Should confidence rise with miner restraint? Or should fear stir, knowing previous patterns hinted at downturns? This isn’t just silence from miners—it’s a pause that could echo louder soon.
Miner Restraint: A Calm or a Warning?
Miners now show their lowest selling pressure since May 2024. That’s rare—very rare. Only a handful of times has this happened before, including 2012, 2013, 2016, and 2021. Back then, prices either dipped or traded sideways. Rarely did those moments ignite a rally. Yes, miners are holding. But holding doesn’t always mean hope—it can hide hesitation. Instead of showing confidence, low selling could reflect stress bubbling beneath the surface.
Take April 2025’s BTC hashrate spike, for example. The metric hit an all-time high. Then a sudden pullback mirrored what unfolded in April 2021—a peak before the plunge. April 14, in fact, seems cursed for miners. That date marked previous local tops. The current cooling in hashrate looks eerily similar to those past breakdowns. If the trend follows history’s footsteps, this may be the early stage of miner exhaustion. And miner stress doesn’t stay hidden—it eventually spills onto the price chart.
Will History Repeat or Reverse?
So far, miners played 2025 smart. They sold when prices surged early in the year. Now they’ve backed off, choosing to watch instead of act. That can show patience—or signal complacency. If the price of Bitcoin slips, the situation might turn ugly fast. Miners could start panic-selling. And forced selling doesn’t trickle—it floods. That wave could crush market balance and bring unwanted volatility.
Currently, the price of Bitcoin trades near $95,000. But momentum tells a different story.RSI is climbing—almost overbought. Buying enthusiasm seems to be waning. The OBV indicator? Flatlined after steady growth. That suggests buyers are catching their breath. Without renewed force from bulls, $95,500 may stay out of reach.
If resistance holds firm, the road ahead might lead to correction—not continuation. Miners may stay silent. But markets hear what silence hides. For those paying attention, the clues aren’t just on the charts—they’re between the lines. Smart investors don’t wait for a headline. They read the quiet, and right now, that quiet sounds loud.
