16K BTC sold by miners – Is Bitcoin’s bull run in trouble?
2025-07-20 02:04:08
Main Idea
Bitcoin's bull run faces short-term pressure due to increased selling by miners and large holders, but analysts expect consolidation before a potential rally.
Key Points
1. Miners sold 16K BTC on July 15th, surpassing the previous high in April, indicating rising profit-taking pressure.
2. Large miners (100-1K BTC balance) reduced holdings by 3K BTC, following a similar pattern seen during the April price recovery.
3. Daily BTC sales to exchanges surged to 58K coins, driven by large holders (100-1K BTC wallets), a 4x increase this week.
4. Despite ETF inflows (21K BTC purchased), selling pressure from miners and large holders outweighed demand, keeping BTC price range-bound.
5. Analyst Willy Woo predicts BTC will consolidate before deciding its next directional move, suggesting patience for investors.
Description
Willy Woo expected BTC to chop in the short term before rallying higher.
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