Source: Cointelegraph.com NewsKey points:<\/p>\n
Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak.
\nOver the past month, miner wallet balances have increased by around 2,700 BTC.
\nHash Ribbons data shows good times continuing for both miners and BTC price strength.<\/p>\n
Bitcoin (BTC) accumulation by miners is back as network participants swap selling for hodling at $75,000 lows.
\nData from onchain analytics firm Glassnode shows that miners are now actively adding to their BTC reserves.
\nBitcoin miners buck months of selling
\nBitcoin hitting multimonth lows in April sparked a sea change in miner behavior, with a lengthy selling streak reversing into significant accumulation.
\nGlassnode shows that shortly after BTC\/USD bottomed just below $75,000, the balance in miner wallets itself found a floor, only to then start increasing along with price.
\nMiner wallets held 1,794,622 BTC on April 12, while as of May 13, they had reached 1,797,330 BTC \u2014 an increase of 2,708 BTC or 0.15%.
\nBTC balance in miner wallets. Source: GlassnodeWhile minimal in terms of total miner holdings, the turnaround is conspicuous as it follows a run of selling that initially gained momentum in late 2023. This, in turn, has led to optimism over the BTC price trajectory.\u00a0
\n\u201cExtremely bullish for Bitcoin!\u201d trader and investor Mister Crypto summarized in a reaction on X, referencing similar data from onchain analytics platform CryptoQuant.<\/p>\n
Miners have stopped selling.Extremely bullish for Bitcoin! pic.twitter.com\/bLuCM5GMgL\u2014 Mister Crypto (@misterrcrypto) May 14, 2025<\/p>\n
Earlier, Cointelegraph reported on decreasing miner sell-side pressure helping contribute to price trend, with institutional buy volumes dwarfing the amount of mined BTC per day. Source: Cointelegraph.com NewsKey points: Bitcoin miners have stopped selling their BTC in what may signal the end of a lengthy distribution streak. Over the past month, miner wallet balances have… <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"_links":{"self":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129213"}],"collection":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=129213"}],"version-history":[{"count":0,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=\/wp\/v2\/posts\/129213\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=129213"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=129213"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptospotters.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=129213"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\nHash Ribbons deliver classic BTC bull signal
\nA classic metric covering miner behavior continues to display classic performance since its latest \u201cbuy\u201d signal.
\nRelated: Bitcoin illiquid supply hits 14M BTC as hodlers set bull market record
\nHash Ribbons, created by quantitative Bitcoin and digital asset fund Capriole Investments, uses two moving averages of hashrate to delineate periods of \u201ccapitulation\u201d among miners.
\nBTC\/USD 1-day chart with Hash Ribbons data. Source: Capriole InvestmentsSince offering its last market entry tip in late March, BTC\/USD has gained around 20%.
\n\u201cThe hash ribbons are still flashing a buy signal here,\u201d Mister Crypto commented in a post on the phenomenon this week, predicting BTC price to \u201cgo much higher in May.\u201d
\nBitcoin Hash Ribbons data. Source: Mister Crypto\/XThis article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.Read More<\/a><\/p>","protected":false},"excerpt":{"rendered":"