Since the beginning of the current market cycle, Bitcoin miners have reduced their reserves by approximately 61,000 BTC, leading to a decrease in the total volume from 1.86 million BTC to 1.80 million BTC. This trend indicates an increase in sales among major market players.
This is reported by Finway
Major Sellers and Market Dynamics
The largest volumes of BTC sales have been recorded among companies such as Riot Platforms (4,026 BTC), Marathon Digital (13,210 BTC), and Core Scientific (1,992 BTC). At the same time, the AntPool pool is seeing an increase in miners’ balances, which may indicate different asset management strategies amid the current market situation.
According to analysts, Bitcoin inflows to exchanges have reached their highest levels since the end of 2025. The hourly inflow amounted to around 11,000 BTC, which generally indicates investors’ readiness to potentially sell assets. The average deposit size has increased to 2.25 BTC, and the share of large deposits (over 1,000 BTC) has risen from less than 10% to over 40%, particularly significant transactions have been flowing into the Binance exchange.
Profit-Taking Risks and Bitcoin’s Prospects
Analysts emphasize the heightened risks of profit-taking due to the rising price of Bitcoin. The asset is currently testing the realized price level for traders around $76,800, which historically serves as a resistance zone. Investors nearing breakeven are inclined to sell their assets, which may limit further price growth.
“This range has already constrained the bearish rally in January 2026. A similar dynamic may repeat. The lower boundary at around $67,600 now serves as the main short-term support if the resistance holds,” said CryptoQuant’s Head of Research, Julio Moreno.
The market behavior model resembles the situation at the beginning of 2026 when the average deposit approached 2 BTC before a sharp decline in Bitcoin’s price from $100,000 to $60,000. Despite this, experts note that profit-taking has not yet peaked: the daily realized profit volume is around $500 million — below the $1 billion that previously signaled a profit-taking maximum.
If Bitcoin’s price consolidates above $76,000 or continues to rise to $76,800, the volume of profit-taking could exceed $1 billion, which could theoretically intensify selling pressure and trigger the end of the current rally or even a market reversal.
Earlier, analysts noted that several indicators have already pointed to the end of the stress cycle for Bitcoin.
Decline in Miners’ Reserves. Data: CryptoQuant.