Bitcoin miners increase sales pressure: Market absorption remains strong
After a weekend of mergers, just below its most recent $112,000 in history, Bitcoin entered a new week and rose with momentum and bullish sentiment. BTC’s trade is around $110,000, and continues to have a strong technical structure, and many analysts believe it’s only a matter of time before the next leg starts higher. As volatility tightens and wider markets strengthen power, everyone’s eyes are staring at Bitcoin as it flirts with price discovery again.
Beliefs among top analysts are growing, and they are now calling for a massive price surge in the coming weeks. On-chain indicators and price action continue to support the bullish outlook, pointing to ongoing demand and elastic trend structures. However, one emerging factor worth looking at is miner behavior.
Top analyst Axel Adler shared new insights that miners increased their BTC sales on exchanges after hitting ATH. Inflows increased from an average of 25 BTC to 50 BTC per day, which suggests that the earnings trend is a trend.
Bitcoin is ready for moves as market absorbs increased miner sales
Bitcoin positioned itself as a potential explosion phase as sentiment across the market is becoming more and more bullish. BTC, which is trading near its all-time high of nearly $112,000, remains on a strong uptrend and may be a critical day when confirming whether the next leg is ready to start. With the firms holding prices and bullish structure intact, many analysts believe an impulse breakthrough may be coming.
Adding fuel to the outlook is a broader global environment. Trade tensions between the United States and other major economies continue to escalate, and markets are becoming increasingly responsive to macro uncertainty. In this environment, Bitcoin is once again seen as a hedge and high-beta growth asset, a type of thriving and revitalizing during periods of volatility.
Adler shares key insights into miners’ behavior that could impact short-term price action. Since Bitcoin’s recent ATH, the inflow of miners inflows has doubled, from an average of 25 BTC to 50 BTC per day. While this indicates a significant increase in sales, Adler noted that these levels are still below the historical peak of about 100 BTC per day.
More importantly, the market appears to be absorbing this increased supply without showing any signs of pressure. This shows that demand is still strong and the sales pressures of miners are not strong enough to derail the upward trend. Instead, it reflects healthy and expected behavioral shifts following major price milestones.
As Bitcoin hovers around the historic climax, a strong market structure, a combination of supportive on-chain data and resilient demand may lay the foundation for a strong continuation. If the Bulls recover $112K on conviction, BTC could enter a new price discovery phase with the goal far beyond current levels.
Bulls hold over $108K range
Bitcoin trades at $109,676 on the 4-hour chart, in a tight range of well below $112,000. After a brief answer to local highs, BTC maintained a bullish structure, forming higher lows and maintaining far beyond the key moving average. 34 Euro (green) offers dynamic support for $108,639, while the 50 and 100 SMA (purple and blue) offer additional downside protection for $108,271 and $105,958.
During this merger, the volume drops slightly, indicating a temporary pause rather than a reversal. Prices maintain a comfortable level of support at $103,600, which is a key basis for any deeper pullback. As long as the region is established, the upward trend remains intact.
It is worth noting that despite miner inflows and wider market caution, BTC is able to exceed 34 EMA’s capacity. This resilience shows strong buyer interest and positioning ahead of potential breakthroughs.
To confirm the continuation, the Bulls need to recover the $111K – $112K range. A breakthrough beyond this resistance may trigger the next impulse leg higher. Currently, Bitcoin is still in a bullish merger phase, anchoring a strong level of support for price action as the market awaits decisive moves.
Featured images from DALL-E, charts from TradingView
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