Miners Selling Accelerates as Macroeconomic Concerns Escalate
Recent data reveals that Bitcoin miners have picked up the pace of their BTC sales. This selling spree coincides with heightened macroeconomic anxiety, triggered mainly by high US inflation indicators.
According to the on-chain data platform Glassnode, Bitcoin miner wallet balances consistently declined from August 11 to August 23.
Sharp Contrast: From Accumulation to Selling
This period directly follows the release of a series of US inflation reports, including the CPI and PPI, which dampened market expectations for Federal Reserve rate cuts. Bitcoin experienced a sharp drop, falling to as low as $108,600 at one point. Altcoin prices saw even greater declines.
Specifically, approximately 4,207 BTC, worth about $485 million, were moved from miner wallets for sale during this time.
This marks a significant reversal from their behavior between April and July, when they accumulated 6,675 BTC in line with a stable, upward trend in the US stock market.
Typically, the amount of Bitcoin miners sold is insufficient to reverse market trends single-handedly. However, their large-scale selling can influence the market during critical turning points. Miner reserves total 63,736 BTC, valued at over $7.1 billion.
Will PCE Data Trigger Further Sales?
Glassnode data shows no significant additional selling from miners since August 25. However, if adverse macroeconomic factors emerge, there is a strong possibility of resumed selling.
The US PCE inflation data is scheduled for release this Friday. The market consensus forecasts a 2.9% year-over-year increase for Core PCE and a 2.6% rise for Headline PCE.
If these figures exceed expectations, miners could resume liquidating their holdings. As of reporting time, 10:00 am UTC, Bitcoin is trading around $109,800, down more than 2.8% from the previous day.
The post Miners Selling Accelerates as Macroeconomic Concerns Escalate appeared first on BeInCrypto.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ID - 104.71% 24H Drop Amidst Sharp Volatility
- ID plunged 104.71% in 24 hours to $0.1615 after a 1250% surge, now 6100% below its 1-year high. - The asset's extreme volatility reflects fragile momentum and unclear fundamentals amid rapid price swings. - Technical indicators show bearish pressure as traders monitor $0.1615 support for stabilization signals. - Analysts warn of continued downward pressure if ID fails to regain momentum above this critical level.
Quantum-Resistant Crypto Assets: The Next Frontier in Risk Mitigation
- Ethereum co-founder Vitalik Buterin warns quantum computers could break modern cryptography by 2030 with 20% probability, accelerating timelines for systemic risk in blockchain and finance. - NIST finalized quantum-safe cryptographic standards (HQC, CRYSTALS-Dilithium) in 2024-2025, driving institutional adoption of quantum-resistant (QR) infrastructure ahead of its 2035 mandate. - Projects like Starknet (Poseidon hash) and QRL (SPHINCS+ signatures) lead QR innovation, with QRL seeing 33% price surge in
Bitcoin, Cardano, and SUI: Why These 3 Cryptos Dominate Analyst Portfolios in September 2025
- Bitcoin, Cardano, and SUI dominate 2025 crypto portfolios due to institutional adoption, regulatory clarity, and scalable tech. - Bitcoin hits $126,000 by year-end as ETF inflows and post-halving scarcity reinforce its role as inflation-hedging "digital gold." - Cardano's $5.66 price surge stems from Hydra scaling, DeFi growth, and emerging market partnerships enhancing cross-border utility. - SUI attracts institutional interest via Move-language security, 100,000+ TPS throughput, and infrastructure-focu
BlockDAG’s X1 Miner App: A Disruptive Force in Mass Crypto Adoption and Scalable Blockchain Infrastructure
- BlockDAG emerges as 2025's top crypto buy with hybrid DAG-PoW architecture solving scalability and energy efficiency challenges. - X1 Miner App democratizes mining via smartphones, attracting 2.5M users while balancing grassroots participation with 19,000 ASIC miners. - $383M presale funds infrastructure growth alongside 4,500+ developers building 300+ dApps on EVM-compatible, 10,000 TPS network. - Dual-layer mining model and 70% energy savings create self-sustaining ecosystem, positioning BlockDAG as a
Trending news
MoreCrypto prices
More
