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Warning on Bitcoin Price: Miners Sell 40,000 BTC in the First Quarter
Bitcoin ($BTC) is cautiously benefiting from the easing tensions surrounding Iran; however, a serious issue lurks beneath the surface. While the Bitcoin price has risen above the $78,000 mark, miners sold Bitcoin at a record pace in the first quarter of 2026, which could potentially hinder recovery.
According to the data, Bitcoin miners sold a staggering 40,000 BTC in the first quarter, surpassing the total sales for the entire year of 2025. This figure is also significantly higher than during the panic following the Terra collapse in 2022. This trend signals that the sector remains under pressure despite the higher Bitcoin price, as miners are forced to sell their coins in large quantities.
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"The margins remain tight, and many miners find themselves compelled to sell coins."
The mining economy continues to face pressure, as indicated by the combination of decreasing mining difficulty and a rising hashrate. The difficulty fell by 2.4% to 135 trillion, while the hashrate increased from approximately 978 EH/s to 992 EH/s this month. This situation is significant; when miners sell en masse during a period of low profitability, it reflects their challenging financial circumstances.
Bitcoin is indeed benefiting from the relative calm surrounding Iran, with Donald Trump announcing an extension of the ceasefire, leading to the highest price since early February. Other markets are also showing a "risk-on" scenario, with stocks rising while oil prices slightly decline, indicating that investors hope the worst geopolitical unrest is behind us.
Additionally, there is positive news from the institutional market, as spot Bitcoin ETFs attracted nearly $996 million in new capital last week. This institutional money helps stabilize the market, even as miners bring additional supply to the market. This creates an interesting dynamic where miners are selling during a recovery, while ETFs and other large buyers are absorbing some of the supply.
As a result, the market currently has a base but has yet to establish a convincing upward movement.
Key Takeaways
- Miners sold 40,000 BTC in Q1 2026, more than the entire year of 2025.
- Mining difficulty decreased by 2.4%, while hashrate increased to 992 EH/s.
- Spot Bitcoin ETFs attracted nearly $996 million in new capital last week.
Source: Cryptonews.net
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