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Bitcoin miners 'selling pressure eases, revenue increases 78%

2026-10-11 04:40:29
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Miner selling pressure eases: A 78% surge in income marks a critical turning point

According to CryptoPotato, as miners 'income increases significantly, the selling pressure on Bitcoin miners is gradually easing. The shift marks a significant change in the recent situation characterized by aggressive liquidations, after miners sold heavily into positions to cover operating costs.

Higher revenue reduces the sense of urgency to sell

When miners 'incomes rose sharply, the financial pressure to convert newly mined BTC into cash to pay electricity and hardware bills lessened. A reported 78% increase in miners 'income provides miners with more room to operate and makes immediate sales of tokens less necessary. This is the core reason for the current easing of selling pressure.

This is in sharp contrast to earlier records, when miners sold 28,000 BTC worth US$2 billion against the backdrop of rising costs. Increased revenue has completely changed this situation: miners can choose to hold rather than liquidate, reducing the amount of new supply entering exchanges.

What easing selling pressure means for the Bitcoin market

Miner selling has been a continuing source of pressure on the Bitcoin supply. As miners reduce outflows, marginal selling volumes in the spot market also fall. This is a positive factor for the supply side, and although it does not in itself guarantee that prices will inevitably rise, broader demand conditions are still the main driving factor.

Earlier data showed that the number of miners transferring bitcoins to Binance reached a four-month high, a signal of intensified liquidation intentions. If this behavior reverses and is supported by stronger income, it will represent a major shift in miners 'mood. However, improved income will not completely eliminate the financial pressure on miners. Three key indicators that previously showed increased stress on miners-hash costs, break-even prices and reserve consumption-still need to remain favorable to maintain low selling activity.

Follow-up Focus

The key signal that needs to be monitored is whether miners 'income can remain high or will fall. A correction in the bitcoin spot price would quickly compress revenue data and could reverse current dynamics, forcing miners to turn back to active selling. Any new price weakness could repeat Bitcoin's previous three-day decline of about $7000.

Secondary indicators worth tracking include miners 'capital flows to exchanges and changes in miners' reserve balances. If outflows to exchanges continue to remain sluggish over the next few days, this will test whether this is a sustained behavioral shift rather than a brief pause.

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