{"id":42397,"date":"2025-05-15T12:45:18","date_gmt":"2025-05-15T09:45:18","guid":{"rendered":"https:\/\/coinengineer.net\/blog\/?p=42397"},"modified":"2025-05-15T12:38:09","modified_gmt":"2025-05-15T09:38:09","slug":"bitcoin-miners-halt-sales-btc-surges-20","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-miners-halt-sales-btc-surges-20\/","title":{"rendered":"Bitcoin Miners Halt Sales: BTC Surges 20%\u00a0"},"content":{"rendered":"

Bitcoin miners<\/strong> have reversed their long-standing selling trend. Recent data shows miners<\/strong> are now accumulating BTC<\/a>. Since the $75,000<\/strong> dip in April, miner wallet balances have increased by approximately 2,700<\/strong> BTC. The Hash Ribbons indicator confirms a bullish price signal.<\/span>\u00a0<\/span><\/p>\n

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Table of Contents<\/p>\nToggle<\/span><\/path><\/svg><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n

  • Bitcoin Miners Shift to Accumulation\u00a0<\/a><\/li>
  • Hash Ribbons Signals Strong Buy\u00a0<\/a><\/li><\/ul><\/nav><\/div>\n

    <\/span>Bitcoin Miners Shift to Accumulation<\/span>\u00a0<\/span><\/span><\/h2>\n

    In April, when Bitcoin dropped to $75,000<\/strong>, miners changed their behavior. According to Glassnode<\/strong>, BTC in miner wallets rose from 1,794,622 on April 12 to 1,797,330 by May 13\u2014a 0.15%<\/strong> increase. Though small, this shift signals the end of the selling trend that began in late 2023. Institutional buying is also outpacing miners\u2019 daily BTC<\/strong> production, supporting upward price movement.<\/span>\u00a0<\/span><\/p>\n

    \"bitcoin<\/p>\n

    Miners\u2019 accumulation is boosting market<\/strong> confidence. Glassnode<\/strong> data confirms the 2,700 BTC<\/strong> increase in miner wallets, potentially marking the end of the 2023 selling trend. The Hash Ribbons<\/strong> indicator further supports a strong buy signal. Following its March signal, BTC rose 20%.<\/span>\u00a0<\/span><\/p>\n

    Additionally, Bitcoin miners<\/strong> are undergoing a transformation shaped by energy costs and regulations. In the U.S., Trump-backed American Bitcoin<\/strong> plans to go public through a merger with Hut 8. Ethiopia<\/strong>, with state-backed mining, holds 2.5% of the global hashrate. However, Kuwait<\/strong> has imposed restrictions on mining due to energy concerns. As a result, miners are turning to renewable energy and exploring new markets.<\/span>\u00a0<\/span><\/p>\n

    <\/span>Hash Ribbons Signals Strong Buy<\/span>\u00a0<\/span><\/span><\/h2>\n

    Hash Ribbons<\/strong>, a reliable indicator of miner behavior developed by Capriole Investments, uses two moving averages of hashrate. Since its \u201cbuy\u201d<\/strong> signal in late March, BTC\/USD has gained 20%. Crypto investor Mister Crypto<\/strong> predicts further price increases in May, noting the signal\u2019s continuation. Hash Ribbons<\/strong> identifies miner capitulation periods, offering market entry opportunities.<\/span>\u00a0<\/span><\/p>\n

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    Miners have stopped selling.<\/p>\n

    Extremely bullish for Bitcoin! pic.twitter.com\/bLuCM5GMgL<\/a><\/p>\n

    — Mister Crypto (@misterrcrypto) May 14, 2025<\/a><\/p><\/blockquote>\n