Following the recent all-time high price of bitcoin, miners have resumed the sale of their assets. This observation is backed by on-chain data analysis.
Bitcoin Miners Sell-Off
Data from analytics firm CryptoQuant indicates that on July 15, 2025, miner outflows reached 16,000 BTC, marking the largest drop since April 7. This spike in BTC outflows is likely in response to the recent achievement of the asset's historical high price.
Spike in Ether Deposits
Not only bitcoin but also ether has seen increased exchange deposits. According to CryptoQuant, on July 16, nearly 2 million ETH were recorded on exchanges, marking the highest level since February. This further indicates that investors are willing to take profits when their assets hit significant price milestones.
Market Analysis of Current Trends
Despite the recent sell-offs, a price correction is observed in the market. Bitcoin has fallen to $118,000, yet analysts consider this a mere short-term correction. Expert Avocado_Onchain notes that the Miner Position Index (MPI) suggests potential short-term price drops, but the long-term outlook for BTC remains positive.
In light of recent events in the cryptocurrency market, there is notable activity and asset redistribution by both miners and large investors. However, experts are confident that bitcoin's long-term growth trajectory will continue.
