Bitcoin Miner Selling Slows: Signals Potential Market Stability

Recent data suggests that miners are displaying increased reluctance to sell their Bitcoin holdings, leading to a decrease in selling pressure. According to Alphractal, a firm tracking miner activity, the metric has reached its lowest point since early 2024. This trend often signifies growing confidence among miners and is typically viewed as a positive sign for market stability or potential price growth. However, the firm cautions that this calm may not last long-term. If Bitcoin prices see significant fluctuations, selling pressure could resurface, especially if it triggers profit-taking opportunities for investors.