Bitcoin miners’ sales fall, how does it impact the price of BTC?

Bitcoin sales (BTC) by the miners have reached their lowest level in the last 12 months, according to the analysis platform data ON-CHAIN Alphractal. Since May 2024 there was no so reduced sales pressure by this sector of the network.

This phenomenon coincides with a bullish rebound in the price of the currency created by Nakamoto, which on April 25 exceeded 95,000 dollars againa price that was not seen since February 24, 2025. At the time of this article, Bitcoin is slightly above $ 95,000, according to TrainingView:

The decrease in miners’ sales could have contributed to Reduce Bitcoin’s circulating offera factor that, together with greater demand and other market dynamics, promoted this recovery in the value of BTC.

A historical indicator that invites caution

However, and according to Alphractal’s analysis, that coincidence does not always take place, since periods of low sales pressure (such as the current one) by the miners can also be associated to lateral consolidation phases or even falls in the price of Bitcoin.

The following graphic provided by that same source shows the correlation between the sales of the miners (represented by the blue line “Mine Pressure”) and the price of Bitcoin (black line). Red shaded areas indicate high sales moments, while green areas reflect low pressure moments, such as the current one.

Covering a period from January 2022 to April 2025, the graph reveals, for example, a notorious growth of the miners’ sales pressure (blue line) and the red area at the end of 2024 until January 2025, Aligning with a BTC rising climb. Similarly, according to the previous image, that happened as of January 2024, and July 2023.

On the other hand, sometimes the green areas and the blue line reflected low levels of sales of the miners, as in mid -2024 or 2023, the Bitcoin price recorded bearish periods.

However, Alphractal data also indicate that there have been exceptions in which a Low sales pressure coincided with positive reactions in the pricespecifically «in December 2012, September 2013, several months of 2016 and July 2021». In the current scenario, the decrease in sales of the miners at May levels of 2024 and the rise in the price of Bitcoin $ 95,000 fits with the pattern observed in those exceptions mentioned by Alphractal, where a low sales pressure coincided with an increase in quote.

“Currently, the sales pressure of the miners remains low, which suggests that the miners sold their bitcoins intelligently in early 2025.”

Alphractal report.

Key factors for monitoring in the future

The Alphractal report ends by highlighting four indicate to evaluate the next miners movements: Bitcoin’s price movements, Network hashrate trends, settings in the difficulty of mining and the performance of mining companies that quote on a stock market.

These factors could offer clues about miners’ sales, because, if market conditions deteriorate or if mining operating costs exceed the revenues generated, miners could increase sales again, deepening a capitulation, a scenario that has historically impacted smaller or less efficient miners.