• bitcoinBitcoin (BTC) $ 109,033.00
  • ethereumEthereum (ETH) $ 4,468.83
  • xrpXRP (XRP) $ 2.84
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 860.78
  • solanaSolana (SOL) $ 205.48
  • usd-coinUSDC (USDC) $ 0.999785
  • staked-etherLido Staked Ether (STETH) $ 4,456.52
  • dogecoinDogecoin (DOGE) $ 0.218933
  • tronTRON (TRX) $ 0.342369
  • cardanoCardano (ADA) $ 0.830601
  • wrapped-stethWrapped stETH (WSTETH) $ 5,407.25
  • chainlinkChainlink (LINK) $ 23.85
  • wrapped-beacon-ethWrapped Beacon ETH (WBETH) $ 4,813.57
  • wrapped-bitcoinWrapped Bitcoin (WBTC) $ 109,073.00
  • ethena-usdeEthena USDe (USDE) $ 1.00
  • hyperliquidHyperliquid (HYPE) $ 44.76
  • wrapped-eethWrapped eETH (WEETH) $ 4,785.75
  • suiSui (SUI) $ 3.33
  • stellarStellar (XLM) $ 0.360582
  • bitcoin-cashBitcoin Cash (BCH) $ 551.58
  • avalanche-2Avalanche (AVAX) $ 24.17
  • crypto-com-chainCronos (CRO) $ 0.294612
  • wethWETH (WETH) $ 4,467.23
  • hedera-hashgraphHedera (HBAR) $ 0.226131
  • leo-tokenLEO Token (LEO) $ 9.58
  • litecoinLitecoin (LTC) $ 111.52
  • the-open-networkToncoin (TON) $ 3.14
  • usdsUSDS (USDS) $ 0.999582
  • shiba-inuShiba Inu (SHIB) $ 0.000012
  • binance-bridged-usdt-bnb-smart-chainBinance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.999828
  • coinbase-wrapped-btcCoinbase Wrapped BTC (CBBTC) $ 109,084.00
  • whitebitWhiteBIT Coin (WBT) $ 42.49
  • uniswapUniswap (UNI) $ 9.89
  • polkadotPolkadot (DOT) $ 3.83
  • ethena-staked-usdeEthena Staked USDe (SUSDE) $ 1.19
  • bitget-tokenBitget Token (BGB) $ 4.57
  • aaveAave (AAVE) $ 322.22
  • moneroMonero (XMR) $ 264.17
  • daiDai (DAI) $ 0.999732
  • ethenaEthena (ENA) $ 0.679560
  • pepePepe (PEPE) $ 0.000010
  • mantleMantle (MNT) $ 1.19
  • okbOKB (OKB) $ 177.07
  • ethereum-classicEthereum Classic (ETC) $ 21.18
  • bittensorBittensor (TAO) $ 327.32
  • nearNEAR Protocol (NEAR) $ 2.46
  • jito-staked-solJito Staked SOL (JITOSOL) $ 251.91
  • pi-networkPi Network (PI) $ 0.383071
  • aptosAptos (APT) $ 4.35
  • ondo-financeOndo (ONDO) $ 0.919875
  • polygon-ecosystem-tokenPOL (ex-MATIC) (POL) $ 0.274840
  • usdt0USDT0 (USDT0) $ 1.00
  • arbitrumArbitrum (ARB) $ 0.515392
  • binance-peg-wethBinance-Peg WETH (WETH) $ 4,466.15
  • internet-computerInternet Computer (ICP) $ 4.88
  • usd1-wlfiUSD1 (USD1) $ 1.00
  • blackrock-usd-institutional-digital-liquidity-fundBlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
  • binance-staked-solBinance Staked SOL (BNSOL) $ 219.98
  • story-2Story (IP) $ 7.68
  • kaspaKaspa (KAS) $ 0.086029
  • cosmosCosmos Hub (ATOM) $ 4.58
  • vechainVeChain (VET) $ 0.024761
  • algorandAlgorand (ALGO) $ 0.237702
  • rocket-pool-ethRocket Pool ETH (RETH) $ 5,089.44
  • gatechain-tokenGate (GT) $ 16.91
  • susdssUSDS (SUSDS) $ 1.07
  • fasttokenFasttoken (FTN) $ 4.51
  • jupiter-perpetuals-liquidity-provider-tokenJupiter Perpetuals Liquidity Provider Token (JLP) $ 5.44
  • pudgy-penguinsPudgy Penguins (PENGU) $ 0.030038
  • kelp-dao-restaked-ethKelp DAO Restaked ETH (RSETH) $ 4,688.92
  • render-tokenRender (RENDER) $ 3.53
  • kucoin-sharesKuCoin (KCS) $ 14.30
  • worldcoin-wldWorldcoin (WLD) $ 0.910167
  • sei-networkSei (SEI) $ 0.292038
  • bonkBonk (BONK) $ 0.000023
  • bfusdBFUSD (BFUSD) $ 0.999318
  • official-trumpOfficial Trump (TRUMP) $ 8.48
  • stakewise-v3-osethStakeWise Staked ETH (OSETH) $ 4,698.92
  • fetch-aiArtificial Superintelligence Alliance (FET) $ 0.630713
  • kinetic-staked-hypeKinetiq Staked HYPE (KHYPE) $ 44.82
  • liquid-staked-ethereumLiquid Staked ETH (LSETH) $ 4,823.18
  • filecoinFilecoin (FIL) $ 2.32
  • jupiter-exchange-solanaJupiter (JUP) $ 0.506824
  • flare-networksFlare (FLR) $ 0.021396
  • skySky (SKY) $ 0.065331
  • lombard-staked-btcLombard Staked BTC (LBTC) $ 108,833.00
  • usdtbUSDtb (USDTB) $ 0.999957
  • fourFour (FORM) $ 3.80
  • xdce-crowd-saleXDC Network (XDC) $ 0.080920
  • polygon-bridged-usdt-polygonPolygon Bridged USDT (Polygon) (USDT) $ 0.999804
  • renzo-restaked-ethRenzo Restaked ETH (EZETH) $ 4,719.54
  • falcon-financeFalcon USD (USDF) $ 0.999851
  • mantle-staked-etherMantle Staked Ether (METH) $ 4,789.07
  • hash-2Provenance Blockchain (HASH) $ 0.026805
  • tether-goldTether Gold (XAUT) $ 3,459.15
  • injective-protocolInjective (INJ) $ 13.02
  • optimismOptimism (OP) $ 0.711161
  • celestiaCelestia (TIA) $ 1.65
  • nexoNEXO (NEXO) $ 1.23
  • pump-funPump.fun (PUMP) $ 0.003380
  • jupiter-staked-solJupiter Staked SOL (JUPSOL) $ 233.02
  • wbnbWrapped BNB (WBNB) $ 860.67
  • paypal-usdPayPal USD (PYUSD) $ 0.999555
  • first-digital-usdFirst Digital USD (FDUSD) $ 0.997862
  • solv-btcSolv Protocol BTC (SOLVBTC) $ 108,908.00
  • blockstackStacks (STX) $ 0.636010
  • lido-daoLido DAO (LDO) $ 1.24
  • curve-dao-tokenCurve DAO (CRV) $ 0.786667
  • pyth-networkPyth Network (PYTH) $ 0.188785
  • memecoreMemeCore (M) $ 0.637634
  • aerodrome-financeAerodrome Finance (AERO) $ 1.19
  • spx6900SPX6900 (SPX) $ 1.13
  • binance-bridged-usdc-bnb-smart-chainBinance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999791
  • sonic-3Sonic (S) $ 0.320613
  • immutable-xImmutable (IMX) $ 0.527078
  • conflux-tokenConflux (CFX) $ 0.196276
  • super-oethSuper OETH (SUPEROETH) $ 4,467.84
  • pax-goldPAX Gold (PAXG) $ 3,460.49
  • syrupusdcSyrupUSDC (SYRUPUSDC) $ 1.12
  • the-graphThe Graph (GRT) $ 0.091447
  • msolMarinade Staked SOL (MSOL) $ 270.95
  • raydiumRaydium (RAY) $ 3.47
  • flokiFLOKI (FLOKI) $ 0.000096
  • saros-financeSaros (SAROS) $ 0.351208
  • arbitrum-bridged-wbtc-arbitrum-oneArbitrum Bridged WBTC (Arbitrum One) (WBTC) $ 109,277.00
  • ether-fi-staked-ethether.fi Staked ETH (EETH) $ 4,445.42
  • kaiaKaia (KAIA) $ 0.150185
  • pancakeswap-tokenPancakeSwap (CAKE) $ 2.51
  • cgeth-hashkey-cloudcgETH Hashkey Cloud (CGETH.HASH) $ 4,317.69
  • clbtcclBTC (CLBTC) $ 109,876.00
  • l2-standard-bridged-weth-baseL2 Standard Bridged WETH (Base) (WETH) $ 4,468.21
  • pendlePendle (PENDLE) $ 4.84
  • dogwifcoindogwifhat (WIF) $ 0.813245
  • theta-tokenTheta Network (THETA) $ 0.805587
  • fartcoinFartcoin (FARTCOIN) $ 0.794023
  • vaultaVaulta (A) $ 0.497675
  • tezosTezos (XTZ) $ 0.736686
  • iotaIOTA (IOTA) $ 0.194234
  • ethereum-name-serviceEthereum Name Service (ENS) $ 23.36
  • galaGALA (GALA) $ 0.016665
  • virtual-protocolVirtuals Protocol (VIRTUAL) $ 1.16
  • ousgOUSG (OUSG) $ 112.39
  • jito-governance-tokenJito (JTO) $ 1.96
  • jasmycoinJasmyCoin (JASMY) $ 0.014857
  • ripple-usdRipple USD (RLUSD) $ 0.999981
  • the-sandboxThe Sandbox (SAND) $ 0.284642
  • loaded-lionsLoaded Lions (LION) $ 0.022621
  • flowFlow (FLOW) $ 0.430381
  • newton-projectAB (AB) $ 0.009143
  • stader-ethxStader ETHx (ETHX) $ 4,770.06
  • build-onBUILDon (B) $ 0.682093
  • usdx-money-usdxStables Labs USDX (USDX) $ 0.997892
  • ondo-us-dollar-yieldOndo US Dollar Yield (USDY) $ 1.08
  • mantle-restaked-ethMantle Restaked ETH (CMETH) $ 4,781.19
  • morphoMorpho (MORPHO) $ 2.01
  • zcashZcash (ZEC) $ 40.30
  • arbitrum-bridged-weth-arbitrum-oneArbitrum Bridged WETH (Arbitrum One) (WETH) $ 4,468.82
  • bittorrentBitTorrent (BTT) $ 0.00000066
  • tbtctBTC (TBTC) $ 108,777.00
  • coinbase-wrapped-staked-ethCoinbase Wrapped Staked ETH (CBETH) $ 4,906.97
  • swethSwell Ethereum (SWETH) $ 4,828.17
  • usual-usdUsual USD (USD0) $ 0.997555
  • decentralandDecentraland (MANA) $ 0.296944
  • beldexBeldex (BDX) $ 0.077414
  • binance-peg-dogecoinBinance-Peg Dogecoin (DOGE) $ 0.218652
  • walrus-2Walrus (WAL) $ 0.394864
  • global-dollarGlobal Dollar (USDG) $ 0.999684
  • vision-3Vision (VSN) $ 0.167114
  • bitcoin-avalanche-bridged-btc-bAvalanche Bridged BTC (Avalanche) (BTC.B) $ 109,018.00
  • bitcoin-svBitcoin SV (BSV) $ 26.26
  • syrupMaple Finance (SYRUP) $ 0.465101
  • ether-fiEther.fi (ETHFI) $ 1.11
  • frax-etherFrax Ether (FRXETH) $ 4,426.45
  • starknetStarknet (STRK) $ 0.129557
  • true-usdTrueUSD (TUSD) $ 0.996604
  • heliumHelium (HNT) $ 2.63
  • neoNEO (NEO) $ 6.89
  • based-brettBrett (BRETT) $ 0.048825
  • polygon-pos-bridged-weth-polygon-posPolygon PoS Bridged WETH (Polygon POS) (WETH) $ 4,467.21
  • dydx-chaindYdX (DYDX) $ 0.616295
  • solv-protocol-solvbtc-bbnSolv Protocol Staked BTC (XSOLVBTC) $ 107,768.00
  • apecoinApeCoin (APE) $ 0.581447
  • coredaoorgCore (CORE) $ 0.447403
  • reserve-rights-tokenReserve Rights (RSR) $ 0.007601
  • apenftAPENFT (NFT) $ 0.00000045
  • bybit-staked-solBybit Staked SOL (BBSOL) $ 226.19
  • axie-infinityAxie Infinity (AXS) $ 2.70
  • usddUSDD (USDD) $ 0.999277
  • mantle-bridged-usdt-mantleMantle Bridged USDT (Mantle) (USDT) $ 0.997594
  • telcoinTelcoin (TEL) $ 0.004770
  • sun-tokenSun Token (SUN) $ 0.022899
  • zksyncZKsync (ZK) $ 0.060513
  • polygon-pos-bridged-dai-polygon-posPolygon PoS Bridged DAI (Polygon POS) (DAI) $ 0.999807
  • savings-daiSavings Dai (SDAI) $ 1.16
  • arweaveArweave (AR) $ 6.59
  • dexeDeXe (DEXE) $ 7.54
  • thorchainTHORChain (RUNE) $ 1.22
  • instadappFluid (FLUID) $ 6.32
  • benqi-liquid-staked-avaxBENQI Liquid Staked AVAX (SAVAX) $ 29.55

BTC Miners Drain Their Holdings as $100,000 Target Stays Out of Reach

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BTC Miners Drain Their Holdings as $100,000 Target Stays Out of Reach

Bitcoin miners have been actively reducing their holdings in recent weeks as the coin’s price continues to hover below the critical $100,000 mark. At press time, the leading coin trades at $98,535, noting a 1% decline from its all-time high of $99,860 recorded during Friday session.

As the BTC market begins to trend sideways, its miners may be prompted to further distribute their holdings for profit or to offset growing mining costs.

Bitcoin Miners Sell Their Holdings

According to CryptoQuant’s data, Bitcoin’s miner reserve has fallen to its lowest level since the beginning of the year. As of this writing, it sits at 1.81 million BTC.

This metric tracks the number of coins held in miners’ wallets. It represents the coin reserves miners have yet to sell. A decline in the BTC miner reserve indicates that miners on the Bitcoin network are distributing their coins either to take profits or to cover mining-related costs.

BTC Miners Drain Their Holdings as $100,000 Target Stays Out of Reach

Bitcoin Miner Reserve. Source: CryptoQuant

Moreover, readings from BTC’s miner netflow confirm the daily trend of coin sell-offs by the network’s miners. As of this writing, the metric’s value is negative at -1,172 BTC.

Miner netflow refers to the net amount of Bitcoin that miners are buying or selling. It is calculated by subtracting the amount of Bitcoin miners are selling from the amount they are buying. When it is negative, it indicates that miners are selling more coins than they are buying. This is often a bearish signal and a precursor to a short-term downward trend in the coin’s price.

BTC Miners Drain Their Holdings as $100,000 Target Stays Out of Reach

Bitcoin Miner Netflow. Source: CryptoQuant

BTC Price Prediction: The Bulls Remain in Control

While BTC miners have added to the coin’s selling pressure over the past few weeks, the bullish bias toward the king coin remains significant. This is reflected in the positioning of the dots that make up its Parabolic Stop and Reverse (SAR) indicator. As of this writing, these dots rest below BTC’s price.

The Parabolic SAR identifies an asset’s trend direction and potential reversal points. When its dots are positioned under the asset’s price, it suggests a bullish trend. Traders interpret this as a signal to go long and exit short positions.

BTC Miners Drain Their Holdings as $100,000 Target Stays Out of Reach

Bitcoin Price Analysis. Source: TradingView

If this trend persists, BTC’s price will reclaim its all-time high of $99,860 and may rally past the $100,000 psychological barrier. On the other hand, a spike in profit-taking activity will invalidate this bullish outlook. If buying pressure weakens, BTC’s price may drop to $88,986.

Source

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