Miner Selling Drops as Breakout Level Comes Into Focus

[AIcash]

On-chain data from CryptoQuant shows that Bitcoin miner outflows have fallen to their lowest seven-day average since May 2023. The decline suggests miners are no longer aggressively selling their holdings, choosing instead to hold coins in anticipation of a possible recovery.

Analysts point to historical precedents, including the 2021 rebound following China’s mining ban, when hashrate and price climbed in tandem after a sharp drop. For bulls, the key technical level now sits at $71,693 — a breakout above that threshold could confirm whether Bitcoin’s hashrate recovery will once again lead the next major price surge.

[chainsniff]

Translation: they’re not panic-selling

[The_Walking_Dead]

Miner conviction looks strong right now.

[Capybara_Capybara]

Lower outflows often signal accumulation phase.

[bred]

Holding instead of selling is quietly bullish.

[Revenant]

Hashrate recovery could lead price again.

[d82ae58262]

Key level breakout will confirm momentum.