Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»BITCOIN NEWS»Bitcoin Miner Selloff Causes “Minor Impact,” Quant Claims
BITCOIN NEWS

Bitcoin Miner Selloff Causes “Minor Impact,” Quant Claims

By Crypto FlexsJanuary 31, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin Miner Selloff Causes “Minor Impact,” Quant Claims
Share
Facebook Twitter LinkedIn Pinterest Email

Bitcoin miners have been selling off recently, according to on-chain data, but the quant argues that this sell-off should not have a significant impact on the market.

Bitcoin Miner Reserve has recently recorded a decline.

In a CryptoQuant Quicktake post, one analyst discussed the recent selling pressure miners are putting on the market. The metric of interest here is “mining reserves,” which tracks the total amount of Bitcoin miners currently have in their wallets.

This metric can naturally provide information about the collective behavior of these chain validators. Miners typically withdraw coins from their reserves when they want to sell, so a decline in the indicator could potentially have bearish consequences for the asset.

On the other hand, a rise in the indicator could be bullish for cryptocurrency prices as it suggests that all miners are currently in accumulation mode.

Now here is a chart showing the trend of Bitcoin miner holdings over the past year:

The value of the metric seems to have been heading down in recent days | Source: CryptoQuant

As shown in the graph above, Bitcoin miner holdings have been declining since October, meaning this group has withdrawn a net amount of BTC from their wallets during this period.

The recent sell-off by miners has been a hot topic in the community recently, leading to a lot of speculation about the bearish impact it could have. However, quants have a different opinion on this issue.

“The selling of Bitcoin holdings by miners, as discussed on X and various portals, is unfounded,” explains the analyst. To back up this claim, the quant pointed out the exact numbers involved.

Before this sale began, miners’ holdings were approximately 1,84,997 BTC. After the indicator declined since then, miners currently hold approximately 1,833,222 BTC.

This represents a decrease of 12,755 BTC, which is significant in itself, but doesn’t seem like much in the grand scheme of things, especially considering the size of the miner’s reserves themselves. “The minimum amount of Bitcoin sold has a negligible impact on the market,” says the analyst.

Bitcoin mining inflow and outflow

The trend in the miner inflows and outflows over the past couple of months | Source: CryptoQuant

The chart above shows data on Bitcoin inflows and outflows generated by miners. In fact, there has been a recent outflow of funds and there is talk of selling it.

At the same time, inflow volume reached significant levels, making up for these outflows. This is why there is a relatively small net decline in total miner reserves.

BTC price

Bitcoin had previously recovered above $43,000, but the asset suffered a setback as it fell to $42,500 over the past day.

bitcoin price chart

Looks like the price of the coin has retraced some of its recent recovery | Source: BTCUSD on TradingView

Featured image from Shutterstock.com, chart from TradingView.com, CryptoQuant.com

Disclaimer: This article is provided for educational purposes only. This does not represent NewsBTC’s opinion on whether to buy, sell or hold any investment, and of course investing carries risks. We recommend that you do your own research before making any investment decisions. Your use of the information provided on this website is entirely at your own risk.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The US government posts GDP data on Bitcoin block chain.

August 28, 2025

Ether ETF is a comeback of $ 280 million, with bitcoin leaked stripes hit on the 5th.

August 22, 2025

Gemini file for Gemi’s NASDAQ list as a loss mount

August 16, 2025
Add A Comment

Comments are closed.

Recent Posts

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025

Bitcoin Price Posts for 5 consecutive August losses: Will Michael Saylor react?

August 31, 2025

Metaplanet’s bitcoin strategy is having trouble with stock plummet in the crisis of financing.

August 31, 2025

Next chapter of ecosystem support program

August 31, 2025

Ether Lee (ETH) tests major support for $ 4,453 after the highest rejection.

August 31, 2025

BNB price forecast: Target $ 890- $ 900 in September 2025.

August 31, 2025

After BTS Star Jungkook has 39 billion hacking, South Korea will crack down on encryption fraud.

August 30, 2025

FY Energy Offers Industry-leading Cloud Computing Systems, Offering Opportunities For Daily Passive Income Of $7,580 Through Mining.

August 30, 2025

Four coins to be purchased as decisions for five branch XRP ETFs will be pushed until October.

August 30, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

WorldShards Announces Partnership With ByBit And TGE Date

September 1, 2025

EcoSync & CarbonCore Launch Full Stages Refi Infrastructure Linking Carbon Credits With Web3

September 1, 2025

NFT sales in August increased 2.78% in July 2025

September 1, 2025
Most Popular

Hong Kong Monetary Authority announces iBond Series interest rate of 2.00%

June 7, 2024

According to cryptocurrency analyst Michaël van de Poppe, altcoins are expected to see a massive rally. Here’s his outlook:

December 7, 2024

Discover the Secret of Folding Coins: The Best Way to Make Money Easy! – DeFi information

February 12, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.