New data reveals that miners who mined Bitcoin in its early years significantly reduced their sales in 2025, raising intriguing questions about the market's future.
Satoshi Miners Holding BTC
Satoshi miners, known as early Bitcoin adopters, have sold only 150 BTC in 2025, marking a sharp 98% decrease from 10,000 BTC sold in 2024. This data indicates a decline in sales volume amid rising prices.
Pattern of Calculated Sales
According to data from CryptoQuant, miners, excluding Patoshi-linked wallets, now hold just over 633,000 BTC, down by 24,000 BTC since early 2021. This trend occurs amidst significant market volatility, with sales predominantly happening during Bitcoin hype.
Maintaining Control of Supply
As long-term holders, miners have demonstrated a disciplined approach to sales. Significant outflows occurred during market exuberance, while in 2025, selling pressure remains minimal, indicating control over remaining reserves.
Satoshi-era miners continue to hold a significant portion of their Bitcoin supply, reflecting a deliberate approach to asset sales and a readiness to wait for further market developments.
