BTC Miner Capitulation Pressures Supply
Key Questions
Why are Bitcoin miners capitulating and selling BTC?
Miners face -21% margins per coin with $88k production costs vs. $74k price, leading to sales. Reserves dropped 61k BTC to 1.8M as they shed holdings. This pressures supply amid cycle bottom.
How much have Bitcoin miner reserves declined?
Miner reserves fell by 61,000 BTC, now at 1.8M total. Major firms increased selling, shifting supply dynamics. This capitulation adds selling pressure.
What is happening with Bitcoin mining difficulty and hashrate?
Mining difficulty is set for a 3% decline on Friday after -7.8% prior, due to hash pullback from miner sales. Hashrate stands at 920 EH/s. Bhutan's $215M BTC dump adds to supply pressure.
Miners -21% per coin ($88k cost vs $74k), shed 61k BTC res to 1.8M, diff -3% Fri (hash pullback/miners sold), prior -7.8%, hashrate 920 EH/s; Bhutan $215M dump adds supply amid cycle bottom.
Sources (2)
Updated Apr 17, 2026