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Miners have increased coin sales, and pressure on the BTC market is rising
The Bitcoin market has encountered a sharp increase in pressure from miners, as net flows from Binance Pool have moved into a deep negative zone. Data shows that BTC miners are transferring significant volumes of coins to exchanges, which usually indicates preparation for sales or active profit-taking. At the same time, the price of Bitcoin fell from $120,000 to $81,000, and aggressive outflows from miners have noticeably increased supply on trading platforms. Such behavior indicates growing stress among industry participants.
Further price declines amid continuing negative flows create a risk of accelerated sell-offs. If miners continue selling even as the price falls, this points to a lack of capital and the need to cover operational expenses. Additional pressure emerges during periods of declining hashrate, when inefficient equipment is shut down and participants must convert BTC reserves to offset losses.
The current cost-production zone is becoming critical for assessing market resilience. At around $83,000 per BTC, many outdated rigs operate at a loss. This is especially true for small miners and farms with high electricity costs in Europe and Asia, where the production cost of Bitcoin ranges from $95,000 to $120,000. Their forced sales become a factor of panic.
Mid-range machines operate on the edge of break-even at $75,000–$90,000, so a drop below $80,000 could trigger a second wave of forced sales and increased pressure.
The most efficient large-scale miners remain profitable in the $55,000–$70,000 range. According to analysts, a deep market bottom could form in this area if the correction continues. The global average cost of production is in the $78,000–$82,000 range, making current levels particularly dangerous.
See also: "Bitcoin Is Experiencing Its Worst Month Since the 2022 Crypto Market Crash"
