Bitcoin Miners Dump $1.78B in BTC This Year, Exacerbating Market Downturn

BitcoinWorld Bitcoin Miners Dump $1.78B in BTC This Year, Exacerbating Market Downturn Bitcoin miners have sold approximately $1.78 billion worth of BTC this year, adding to the selling pressure that has contributed to the cryptocurrency’s underwhelming price performance, according to a recent analysis by CoinDesk.

The report highlights that while much attention has focused on outflows from U.S. spot Bitcoin ETFs and sales by treasury companies, miner selling has been a quieter but significant factor.

Data shows that listed mining firms have reduced their combined Bitcoin holdings from 127,000 BTC at the start of the year to 99,000 BTC currently, implying sales of about 28,000 BTC.

Miners’ Contribution to Market Weakness CoinDesk’s analysis points to multiple layers of selling pressure affecting Bitcoin in 2025. U.S. spot Bitcoin ETFs have seen net outflows exceeding $4.4 billion so far this year, representing the largest single source of downward pressure.