Key points:
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Bitcoin minors have ceased to sell their BTC in what can point out the end of a long distribution sequence.
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During the last month, minor wallet sales increased by around 2,700 BTC.
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The data of hash ribbons show that good times continue for minors and resistance to the price of the BTC.
The accumulation of Bitcoin (BTC) by minors is back while the participants in the network exchange the sale of safe at $ 75,000.
ONCHAIN GLASSNODE’s analysis company data show that minors actively add to their BTC reserves.
Bitcoin miners buck month of sale
Bitcoin hitting multimonthes hollows in April sparked a maritime change in the behavior of minors, with a long sequence of reverse sales in significant accumulation.
Glassnode shows that shortly after the BTC / USD background just below $ 75,000, the balance of the minor wallets itself found a soil, to start increasing with the price.
Minor wallets held 1,794,622 BTC on April 12, while on May 13, they reached 1,797 330 BTC – an increase of 2,708 BTC or 0.15%.
Although minimal in terms of holders of total minors, the turnaround is visible because it follows a series of sales which initially gained momentum at the end of 2023.
“Extremely optimistic for Bitcoin!” Trader and investor Mister Crypto Summary in a reaction on X, referring to similar data from the onchain Analytics Cryptochant platform.
The minors stopped selling.
Extremely optimistic for Bitcoin! pic.twitter.com/blucm5gggl
– Mister Crypto (@mistercrypto) May 14, 2025
Earlier, Cointtelegraph reported on the drop in pressure from the sale of minors contributing to the price trend, institutional purchase volumes overshadowing the amount of the BTC extracted per day.
Demarket update: #Bitcoin The sales pressure of minors is the lowest since 2024.
Low value implies that minors hold their parts and do not increase the $ BTC The supply on the current market, which is positive for the price.
(H / t: @Alphractal )) pic.twitter.com/m6imz7jret
– Cointelegraph Markets & Research (@cointelegraphmt) May 10, 2025
The hash ribbons offer a classic BTC bull signal
A classic metric covering the behavior of minor continues to display classic performance since its latest signal “Buy”.
In relation: The unlimited Bitcoin offer strikes 14m BTC while Hodlers has set a Haussier market record
The hash ribbons, created by quantitative Bitcoin and the investments of capriole of digital asset funds, use two moving mediums of Hashrate to delimit periods of “capitulation” in minors.
Since giving his last council for entry to the market at the end of March, BTC / USD has won around 20%.
“The hash ribbons are still flashing a purchase signal here,” said Mister Crypto in an article on the phenomenon this week, predicting the BTC price to “increase a lot in May”.
This article does not contain investment advice or recommendations. Each investment and negotiation movement involves risks and readers should conduct their own research when they make a decision.
