Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook

Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook

BeInCryptoBeInCrypto2025/08/22 01:35
By:Abiodun Oladokun

Bitcoin’s price struggles to hold above support levels as miners offload reserves and institutional ETF outflows rise. Continued selling pressure could push BTC to $107,000 unless new demand re-emerges.

Bitcoin’s price has been under pressure since it clinched an all-time high of $123,731 on August 14. Currently trading at $113,167, the coin’s price has fallen roughly 10% in the past week.

The pullback has coincided with increased selling activity from miners, raising concerns about further downside in the near term.

BTC Miners Offload Holdings

According to Glassnode, Bitcoin’s Miner Net Position Change has dropped to its lowest level of the year. 

The metric, which tracks the 30-day change in BTC held in miner addresses, fell to -5,066 on August 21, its lowest reading since December 2024, signaling a notable drawdown in miner reserves.

For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter .

Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook image 0BTC Miner Net Position Change. Source: Glassnode

When this metric dips, it signals heightened selling pressure from one of the market’s most influential groups, the miners. Persistent outflows from miner wallets can weigh on prices, especially as the market struggles to absorb this additional supply. 

This may worsen BTC’s downward momentum and prolong the likelihood of any significant short-term corrections.

ETF Outflows Surge to $1.5 Billion

Besides miners, institutional investors gaining exposure to BTC through ETFs have also weighed on the market. According to SosoValue, weekly outflows from these funds have totaled $1.51 billion since Monday, putting them on track to record their largest weekly outflow since late February.

Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook image 1Bitcoin Spot ETF Net Inflow. Source: SosoValue

The decline in capital inflows from ETFs adds further headwinds for the asset. It can worsen the impact of miner sell-offs on the coin and stall any notable rebound in the near term. 

BTC Faces $107,000 Downside Risk

At its current price, BTC hovers above the support formed at $111,961. If miner sell-offs continue and capital into BTC ETFs continues to reduce, the coin risks breaching this support flow and falling to $107,557.

Bitcoin Miners Drain Reserves, Adding Headwinds to BTC Price Outlook image 2BTC Price Analysis. Source: TradingView

However, an uptick in new demand for BTC would invalidate this bearish outlook. If accumulation resumes among traders and miners on the network, reducing their distribution, the king coin could regain strength and climb toward $115,892.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

Solana News Today: Whales Profit, Retail Traders Lose Big in YZY Token Chaos

- Kanye West's YZY meme coin on Solana collapsed 80% in value one week post-launch, peaking at $3B before dropping to $1.5B. - Early wallets profited over $24M through pre-launch access, exploiting price surges via unfair trading advantages. - Centralized distribution (92% held by top 10 wallets) and liquidity pool manipulation raised red flags about market integrity. - A hacked Instagram account promoted fake YZY tokens, causing $7M peak value before crashing to $160K and deepening fraud concerns. - Retai

ainvest2025/08/28 07:39
Solana News Today: Whales Profit, Retail Traders Lose Big in YZY Token Chaos

Investors rebalance portfolios as China's AI bargains challenge US focus

- HSBC's Willem Sels highlights China as a key diversification target for investors wary of U.S. market overvaluation and geopolitical risks, citing supply-side reforms and undervalued AI-linked equities. - U.S. Magnificent 7 stocks face scrutiny amid Trump's potential return, prompting global investors to rebalance portfolios toward China's AI infrastructure and automation sectors. - Chinese AI firms like Cambricon Technologies show 112% YTD gains, offering 30-40% valuation discounts compared to U.S. coun

ainvest2025/08/28 07:39
Investors rebalance portfolios as China's AI bargains challenge US focus

CFTC Upgrades Surveillance Tech to Stay Ahead of Crypto Market Moves

- CFTC adopts Nasdaq's Market Surveillance platform to modernize 1990s-era crypto monitoring systems and enhance fraud detection capabilities. - The agency launches Crypto Sprint Phase 2, seeking public input on digital asset commodity classification, DeFi regulations, and blockchain recordkeeping standards. - CFTC collaborates with SEC on regulatory clarity for crypto markets, aligning with broader Washington momentum to shift from enforcement to proactive oversight. - Leadership transitions including Bri

ainvest2025/08/28 07:39
CFTC Upgrades Surveillance Tech to Stay Ahead of Crypto Market Moves

"Dash and NymVPN Forge First-Of-Its-Kind Private Payment Ecosystem"

- Dash, a privacy-focused cryptocurrency, now enables NymVPN payments, combining censorship-resistant transactions with metadata protection. - The integration addresses privacy gaps by ensuring payment processes remain confidential, aligning Dash's low-cost transactions with Nym's 5-hop mixnet anonymity. - NymVPN offers "Fast" and "Anonymous" modes, while Dash's protocol-level privacy features reinforce its role in both everyday and critical transactions. - Experts highlight the partnership as a blueprint

ainvest2025/08/28 07:39
"Dash and NymVPN Forge First-Of-Its-Kind Private Payment Ecosystem"