Tuesday, June 17, 2025
Coin Insights
No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

  • Gaming
    You Can Earn Real Bitcoin for Playing This Crypto Mining Game—Here’s How Much

    Games That Feature the Dogecoin Meme Pup

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    Dogecoin Got Game, FIFA Rivals Launches

    Dogecoin Got Game, FIFA Rivals Launches

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    Why are big games building on Avalanche instead of Ethereum?

    Why are big games building on Avalanche instead of Ethereum?

    NFT – what is it and why is it needed?

    NFT – what is it and why is it needed?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

    Experience to Earn: Everdome's Metaverse Frontier

    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

    Council of Europe Highlights Metaverse's Impact on Privacy and Democracy

    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

    Carrieverse and Disney Ink Content Deal

    Carrieverse and Disney Ink Content Deal

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

    Somnia Launches Playground App to Empower Metaverse Creators

    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFTs Weekly Sales Surge 24% to $142M, Guild of Guardians & Immutable Dominate in Sales

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    NFT sales pump 37% to $144.8m, Immutable dethrones Ethereum

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Pudgy Penguins Joins Lufthansa for Real Travel Rewards

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Solsniper Closes NFT Marketplace After 3.5 Years, Shifts Focus to Trading Bot Development

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    Ethereum Token Platform Zora Sues Deloitte Over AI Trademark Dispute

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    OpenSea sunsets ‘Deals,’ other features in OS2 shakeup

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Binance, Cristiano Ronaldo Introduce Sixth NFT Drop

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Elite Footballers Named in $3.4 Million Crypto Fraud Case

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

    Floki Inu Makes FlokiTars NFT Key to Unlocking Valhalla

  • Gaming
    You Can Earn Real Bitcoin for Playing This Crypto Mining Game—Here’s How Much

    Games That Feature the Dogecoin Meme Pup

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    CLAPS Unveils Crypto Sportsbook With On-Chain Payments and Instant Fiat Access

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    How Cloud-Based Email Solutions — and Web3 — Can Change Your Business Marketing Efforts

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    VERSE Token and the Rise of Real-World Utility in the Metaverse Economy

    Dogecoin Got Game, FIFA Rivals Launches

    Dogecoin Got Game, FIFA Rivals Launches

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    7 Games That Prove Indie Studios Are Outshining AAA Publishers in 2025

    Why are big games building on Avalanche instead of Ethereum?

    Why are big games building on Avalanche instead of Ethereum?

    NFT – what is it and why is it needed?

    NFT – what is it and why is it needed?

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

    SoonVerse Partners with Arris to Enhance User Experience

    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

    I asked ChatGPT to predict Ethereum’s prospects as billionaire holders accumulate

    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Is Fully Diluted Valuation (FDV) in Crypto?

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Does FUD Mean in Crypto? The Fear, Uncertainty, and Doubt Effect

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Is Crypto Staking? How to Earn Crypto by Holding It

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Are Liquidity Pools? A Guide to DeFi Explained Simply

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

    Types, Use Cases and Why They Matter

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

    Here’s What Could Trigger the Next Dogecoin (DOGE) Bull Run, According to Crypto Strategist

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    SEC Chair Gary Gensler Standing in the Way of Bitcoin ETFs, Says ARK Invest’s Cathie Wood

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

  • Coin Marketcaps
No Result
View All Result
Coin Insights
No Result
View All Result
Home Bitcoin

As Bitcoin nears $60K, are miners preparing to cash in?

September 13, 2024
in Bitcoin
5
Bitcoin at $56K – Here’s what can trigger BTC’s next bull run
585
SHARES
3.2k
VIEWS
Share on FacebookShare on Twitter
Avatar

contributor

Posted: September 13, 2024

  • Bitcoin miners offloaded significant BTC after a mild surge, cashing in on gains.
  • If the market top slips, miner capitulation could rise.

Bitcoin [BTC] miners have recently sold a significant chunk of their holdings, just as mining difficulty hit an all-time high.

This is a critical moment—if miners don’t show confidence in a rebound, it could signal a looming bearish run.

Bitcoin miners are at a crucial juncture

The mining community holds about 9% of Bitcoin’s total supply and is expanding capacity amid record-high mining difficulty. 

Historically, miner capitulation—when Bitcoin miners exit due to low profits—often signals local price bottoms during bull markets.

The last time this occurred was on the 5th of July, when BTC fell to $56K after testing the $71K ceiling. Miners exited due to squeezed profit margins, contributing to the price bottom.

Bitcoin miner hash ribbon

Source : Bitcoin Magazine Pro

The chart showed that the 30-day MA is above the 60-day MA, signaling a hash ribbon buy signal. This suggested mass miner capitulation may have ended, indicating miners are staying in despite volatility.

However, a prominent analyst noted that Bitcoin miners sold around 30K BTC after BTC briefly topped $58K, likely to lock in strong gains.

Maybe capitulation now signals both market tops and bottoms. The key is to watch who capitulates first.

Falling reserves can signal market top

While the chart above suggested that miners exiting typically occurs at market bottoms, AMBCrypto examined whether approaching a price top could trigger miner exits.  

Interestingly, as BTC nears $60K, Bitcoin miners are reducing their reserves, possibly to lock in profits, reinforcing this hypothesis.

Miner reserves are declining

Source : CryptoQuant

As mining difficulty hits an all-time high, many miners might be cashing in on gains to cover their expenses. This could create selling pressure as BTC approaches its next market top.

See also  Why THIS pension fund's $6.6M investment in Bitcoin ETFs is important

However, those who can weather the volatility may continue to hold their Bitcoin, as indicated by the buy signal. 


Read Bitcoin’s [BTC] Price Prediction 2024–2025


The real concern is if BTC hits a market bottom and fails to hold the $57K range; miner capitulation could intensify. 

In this scenario, Bitcoin miners might offload large amounts of BTC, not due to low profits but to mitigate greater losses.

Next: Bitcoin – Is a double spike pushing BTC towards a local top?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Avatar

contributor

Posted: September 13, 2024

  • Bitcoin miners offloaded significant BTC after a mild surge, cashing in on gains.
  • If the market top slips, miner capitulation could rise.

Bitcoin [BTC] miners have recently sold a significant chunk of their holdings, just as mining difficulty hit an all-time high.

This is a critical moment—if miners don’t show confidence in a rebound, it could signal a looming bearish run.

Bitcoin miners are at a crucial juncture

The mining community holds about 9% of Bitcoin’s total supply and is expanding capacity amid record-high mining difficulty. 

Historically, miner capitulation—when Bitcoin miners exit due to low profits—often signals local price bottoms during bull markets.

The last time this occurred was on the 5th of July, when BTC fell to $56K after testing the $71K ceiling. Miners exited due to squeezed profit margins, contributing to the price bottom.

Bitcoin miner hash ribbon

Source : Bitcoin Magazine Pro

The chart showed that the 30-day MA is above the 60-day MA, signaling a hash ribbon buy signal. This suggested mass miner capitulation may have ended, indicating miners are staying in despite volatility.

See also  Bitcoin Mining Could Help Japan Monetize $2.5 Billion in Wasted Green Energy — Report

However, a prominent analyst noted that Bitcoin miners sold around 30K BTC after BTC briefly topped $58K, likely to lock in strong gains.

Maybe capitulation now signals both market tops and bottoms. The key is to watch who capitulates first.

Falling reserves can signal market top

While the chart above suggested that miners exiting typically occurs at market bottoms, AMBCrypto examined whether approaching a price top could trigger miner exits.  

Interestingly, as BTC nears $60K, Bitcoin miners are reducing their reserves, possibly to lock in profits, reinforcing this hypothesis.

Miner reserves are declining

Source : CryptoQuant

As mining difficulty hits an all-time high, many miners might be cashing in on gains to cover their expenses. This could create selling pressure as BTC approaches its next market top.

However, those who can weather the volatility may continue to hold their Bitcoin, as indicated by the buy signal. 


Read Bitcoin’s [BTC] Price Prediction 2024–2025


The real concern is if BTC hits a market bottom and fails to hold the $57K range; miner capitulation could intensify. 

In this scenario, Bitcoin miners might offload large amounts of BTC, not due to low profits but to mitigate greater losses.

Next: Bitcoin – Is a double spike pushing BTC towards a local top?
Tags: 60KBitcoinCashMinersNEARsPreparing

Related Posts

Bitcoin must pass $63.2k soon, for THIS vital reason
Bitcoin

Bitcoin nears $91K as buying pressure soars, but challenges emerge

November 17, 2024
Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice
Bitcoin

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

November 17, 2024
FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet
Bitcoin

FLOKI’s price profits from Coinbase hype, but here’s why all’s not done just yet

November 17, 2024
Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K
Bitcoin

Bitcoin – Here’s what its new ‘5-year low’ means for BTC’s run to $100K

November 16, 2024
Will miner selling pressure be Bitcoin’s hurdle to $100K?
Bitcoin

Will miner selling pressure be Bitcoin’s hurdle to $100K?

November 16, 2024
Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…
Bitcoin

Bitcoin above $90K – $5.42 billion in profits despite rising sell pressure means…

November 16, 2024
Next Post
When Bitcoin breaks out, expect THIS from Dogecoin’s price action!

When Bitcoin breaks out, expect THIS from Dogecoin's price action!

Comments 5

  1. iuoa2 says:
    2 weeks ago

    cost clomiphene online cost generic clomiphene without insurance how can i get generic clomid pill where can i get clomid without dr prescription where to buy generic clomid how can i get generic clomid tablets cost of clomid without a prescription

    Reply
  2. cheapest cialis online says:
    1 week ago

    More articles like this would pretence of the blogosphere richer.

    Reply
  3. antibiotics for uti flagyl says:
    5 days ago

    This is a topic which is near to my callousness… Myriad thanks! Exactly where can I find the contact details an eye to questions?

    Reply
  4. u6pav says:
    4 days ago

    generic azithromycin 250mg – flagyl cost order flagyl online cheap

    Reply
  5. dmv9h says:
    4 hours ago

    buy domperidone without a prescription – purchase motilium without prescription cyclobenzaprine drug

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

POPULAR NEWS

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

Memecoin Project Obama6900 (OBX) Joins the Fight Against Malaria with Long-Lasting Insecticidal Nets (LLINs)

October 28, 2023
Tezos 2023 Outlook: An Overview of Tezos (XTZ)

Tezos 2023 Outlook: An Overview of Tezos (XTZ)

November 2, 2023
UK risks regulating NFTs the wrong way, says Mintable CEO

UK risks regulating NFTs the wrong way, says Mintable CEO

October 30, 2023
Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

August 3, 2024
Ethereum crosses $3.2K as L2 crosses new milestone: What now?

Ethereum crosses $3.2K as L2 crosses new milestone: What now?

May 6, 2024

Don't miss a single story

Subscribe to our free Newsletter

EDITOR'S PICK

Tierra del Fuego’s Rise as a Crypto Powerhouse Amid Argentina’s Economic Challenges

Tierra del Fuego’s Rise as a Crypto Powerhouse Amid Argentina’s Economic Challenges

June 27, 2024
Crypto game Ember Sword shuts down after 7 years of development

Crypto game Ember Sword shuts down after 7 years of development

May 22, 2025
Bitcoin’s ‘Infinite Money Glitch’ is Still Working, But it Won’t Last Forever…

Bitcoin’s ‘Infinite Money Glitch’ is Still Working, But it Won’t Last Forever…

July 23, 2024
Polkadot Creator Gavin Wood Says One Blockchain Use Case Crucial for Mass Adoption

Polkadot Creator Gavin Wood Says One Blockchain Use Case Crucial for Mass Adoption

May 21, 2024

About

Dive into the world of cryptocurrency. Our news site offers insights, trends, and updates to guide your journey into the realm of digital finance.

Follow us

Categories

  • AI
  • Altcoins
  • Analysis
  • Bitcoin
  • Blockchain
  • DeFi
  • Ethereum
  • Gaming
  • Guides
  • Metaverse
  • Mining
  • NFT
  • Other
  • Web 3

Recent Posts

  • Bitcoin Mining Costs Soar as Hashrate Hits Records: TheMinerMag
  • Games That Feature the Dogecoin Meme Pup
  • U.S.-Listed Bitcoin Miners’ Share of Network Hashrate Hit Record High in June: JPMorgan

Newsletter

Don't miss a single story

Subscribe to our free Newsletter

  • Contact
  • Disclosure
  • Privacy Policy
  • Terms & conditions

© 2023 Coininsights.com - All rights reserved.

No Result
View All Result
  • Home
  • Crypto
    • Bitcoin
    • Ethereum
    • Altcoins
    • DeFi
  • Web 3
  • Metaverse
  • NFT
  • Gaming
  • Blockchain
  • AI
  • Guides
  • Analysis
  • Coin Marketcaps

© 2023 Coininsights.com - All rights reserved.