Bitcoin Miners’ Selling Pressure Drops to Lowest Level in Recent Months: What to Expect Next?

Cryptocurrency analysis company Alphractal has shared its latest data on the Bitcoin market. According to the assessment published by the company, the selling pressure from miners has decreased to the lowest level since 2024. The “Miner Selling Pressure” metric tracked by Alphractal measures the selling power of miners. This metric compares the total BTC outflows over the last 30 days to the average of miner reserves over the same period. A low value indicates that miners are holding on to their assets, which is a positive signal for the price. However, Alphractal warned that reselling interest could increase in the coming weeks depending on the price direction. Related News: Analysis Firm Shares Major Bullish Prediction for Ethereum: “In a Scenario Where Bitcoin Reaches $300,000, ETH...” On the other hand, despite Bitcoin exceeding the $103,000 level, open interest in futures continues to remain weak. The total open interest currently stands at $61.3 billion. Alphractal reminded that in the past, when BTC was at these levels, open interest was at least around $68 billion, and stated that the current outlook reveals that leveraged trading volume and market maker activity are low. This situation is evaluated as a result of liquidations and position closures in recent months. In the short term, whales are seen closing their long positions and giving signals indicating a change in direction in the market. Alphractal stated that if the Whale Position Trend metric continues to fall, the market could either be tied sideways or enter a correction process. *This is not investment advice. Continue Reading: Bitcoin Miners’ Selling Pressure Drops to Lowest Level in Recent Months: What to Expect Next?