Bitcoin Miner Behavior Diverges: Price Independence Emerges

Bitcoin’s price movement has decoupled from traditional miner behavior patterns, with a key correlation metric hitting -0.157 on October 3rd. This marks the lowest reading since March 2025 and suggests a fundamental shift in market structure as miners are holding rather than selling during price increases. The cryptocurrency traded at $121,375 on Friday, down 0.8% over the previous 24 hours after retreating from recent highs above $120,000.