Recent reporting from CryptoQuant highlights significant changes in Bitcoin miners’ strategies that could influence investor expectations in the current cycle.
Miners’ Accumulation Strategy
Miners are exhibiting unusual behavior by choosing to hold Bitcoin rather than sell. This contrasts with previous cycles where aggressive selling often occurred prior to halvings. In this cycle, only limited selling is observed during early stages, with no sign of the typical late-stage capitulation. Factors such as potential approvals for Bitcoin spot ETFs and the increasing interest from sovereign entities adopting BTC as a reserve asset contribute to a shift towards long-term accumulation strategies.
Signs of Strength in the Bitcoin Market
Analyst Joao Wedson noted mixed performance trends for Bitcoin leading up to September 2025. While performance lags behind historical averages, September has shown better dynamics than previous years. Other analysts suggest current chart formations may indicate the beginning of a supercycle, boosting hopes for reaching a price target of $150,000.
Impact on Investors and Projections
Increased mining difficulty, rising transaction fees, and muted Miners' Position Index (MPI) create a more stable foundation for Bitcoin's growth. These signals indicate the potential for a sustained bullish trend, positively influencing long-term forecasts for investors.
The miners' shift towards accumulation rather than selling highlights a potential paradigm shift in the Bitcoin market, prompting investors to reconsider their expectations and strategies.
