• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
Buy Neo Pepe
No Result
View All Result
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
🚀 BUY NEO PEPE PROTOCOL 🚀
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: Commerce Department To Release Blockchain Statistics, Says Lutnick
Bitcoin

Bitcoin Miners Are Ramping Up Their Selling: Danger Sign For Rally?

Keshav Verma
by Keshav Verma
9 months ago
·
Posted in Bitcoin News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

On-chain data shows that Bitcoin miners have been increasing their selling pressure recently, a sign that may not be ideal for the price rally.

Bitcoin MPI Has Surged To Significant Levels Recently

As pointed out by an analyst in a CryptoQuant Quicktake post, BTC could be at risk of a price correction due to a selloff from the miners. The on-chain metric of relevance here is the “Miners’ Position Index” (MPI), which measures the ratio between the Bitcoin miner outflows and its 365-day moving average (MA).

Related Reading: Crypto Sees $1 Billion Flush As Bitcoin Goes Through ATH Rollercoaster

When the value of this metric is greater than 1, it means the miners are transferring a higher amount of coins out of their wallets than the average for the past year.

The main reason why these chain validators withdraw tokens from their addresses is for selling-related purposes, so the indicator showing this trend can imply that this cohort is selling at a higher degree than usual.

On the other hand, the metric being under the 1 mark suggests the miners aren’t participating in much selling as their outflows are sitting at values lower than the norm.

Now, here is a chart that shows the trend in the Bitcoin MPI over the last few years:

Bitcoin MPI

The value of the metric appears to have been high in recent days | Source: CryptoQuant

As displayed in the above graph, the Bitcoin MPI has seen a sharp increase recently, indicating that the miner outflows have shot up well past the yearly average.

Historically, miners have had a constant presence as sellers in the market, as the nature of BTC mining means that they require a consistent cash flow in order to pay off their running costs like electricity bills.

Most of the time, the degree of selling from this group is low enough that the market can readily absorb it, so the price doesn’t really feel any visible bearish effects.

The recent spike in the MPI, however, would suggest extraordinary selling pressure from the miners, which can indeed be a concern. At present, the indicator is sitting at a value of 3.5, which implies the latest miner outflows are 3.5 times the average for the past year.

Related Reading: Dogecoin Whales Are Active: Are They Buying Or Selling?

This jump in the indicator has come as Bitcoin has been in price-discovery mode, setting record after record. As such, it’s not particularly odd that miners would decide to participate in a selloff right now.

From the chart, it’s visible that the MPI had also registered a huge spike during the last bull market, but interestingly, it didn’t coincide with the rally top. Rather, it occurred alongside a local top just halfway through the run.

As such, if the current spike in the indicator also leads to a top for Bitcoin, it’s possible that it may not be the cyclical top just yet.

BTC Price

At the time of writing, Bitcoin is trading at around $87,700, up around 18% over the last seven days.

Bitcoin Price Chart

Looks like the value of the coin has gone through an uplift recently | Source: BTCUSDT on TradingView
Featured image from Dall-E, CryptoQuant.com, chart from TradingView.com
Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Keshav Verma

Keshav Verma

Follow

Keshav is a Physics graduate who has been employed as a writer with Bitcoinist since June 2021. He is passionate about writing and through the years, he has gained experience working in a variety of niches. Keshav holds an active interest in the cryptocurrency market, with on-chain analysis being an area he particularly likes to research and write about.

Full Profile

Related Posts

Bitcoin & Ethereum

Bitcoin ETFs Post Net Inflows Again, But Ethereum Still Dominates

5 hours ago
Bitcoin Set To Benefit From Strategy’s Potential S&P 500 Inclusion, Analyst Predicts

Bitcoin Set To Benefit From Strategy’s Potential S&P 500 Inclusion, Analyst Predicts

6 hours ago
Bitcoin Mining

Bitcoin Network Bigger Than Ever: Hashrate Sets New Record

8 hours ago
Bitcoin

“No More Bears”: Michael Saylor Sees Bitcoin Charging Toward $1 Million Milestone

19 hours ago
Bitcoin Cycle Extremes Index Hits 8.8%: Compression Phase Signals Expansion Ahead

Bitcoin Cycle Extremes Index Hits 8.8%: Compression Phase Signals Expansion Ahead

20 hours ago
Bitcoin Market Shifts To Neutral As Adjusted MVRV Reads 39%

Bitcoin Market Shifts To Neutral As Adjusted MVRV Reads 39%

1 day ago

Premium Sponsors

Press Releases

  • The Ethereum DeFi’s Return Sets the Normal for Cloud...

    6 hours ago
  • Earn $8,888 per day – OurCryptoMiner helps you turn...

    6 hours ago
  • OPTO Miner

    XRP’s post-holiday rebound is weak, and OPTO Miner...

    10 hours ago
  • XRP retreats under pressure, while DOT Miners generates...

    15 hours ago
  • Rich Miner Launches New Cloud Mining Strategy: Secure 1,000...

    16 hours ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Buy Neo Pepe

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.