Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Bitcoin’s $ 10,000 stairs: Map signals marching to $ 115,000

2025-05-17

Wait Bitcoin’s new meeting? 3 unraveling keys signals

2025-05-17

Pi’s 4-week rally threatened what will decide if $ 0.30 is the next one

2025-05-17
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Cardano (ADA) Founder reveals long-awaited AirDrop details! Will be distributed among 37 million portfolios! – Some users cannot receive AirDrop!

    2025-05-17

    Top 5 block chains due to 7-day growth in active addresses and transactions

    2025-05-17

    SFT protocol to redefine Web3 Sports Landscape in collaboration with Athleta Network

    2025-05-17

    Rideshare Company Lyft taps bee cards for decentralized mapping data

    2025-05-17

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-17
  • NFT

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16

    Founder wallet emptied while he leaves

    2025-05-15

    British Museum puts sculptures from Dürer’s ‘Rhinoceros’ on Bitcoin Blockchain

    2025-05-14

    The Shibuya streaming platform from PPLEPPLEASR is back with 5 epic short films

    2025-05-14
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Michael Burry van Big Short abruptly sells one ‘recession-proof’ assets

    2025-05-17

    $ 40 billion in XRP on the road – where are they going?

    2025-05-17

    Bitcoin who sees heavy accumulation on Coinbase and Binance, says analysis company Glassnode – here is the prospects

    2025-05-17

    Analyst who mentioned XRP price mark at $ 0.5 says that the increase in this level is coming

    2025-05-17

    Billionaire Warren Buffett dumps $ 3,230,000,000 from Berkshire’s exposure to Citigroup, Bank of America and Capital One after leaving Wells Fargo, JPMorgan Chase

    2025-05-17
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»How Bitcoin Miners Are Combating BTC’s Price Drop
Bitcoin

How Bitcoin Miners Are Combating BTC’s Price Drop

2024-02-01No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

  • Miners’ capitulation has yet to happen despite BTC’s recent poor price performance.
  • However, they have continued to take profits.

In a recent one reportnoted pseudonymous CryptoQuant analyst Yonsei Dent, despite Bitcoin’s [BTC] price drop after approval of the Exchange Traded Fund (ETF), the capitulation of miners has yet to begin.

Dent looked at BTC’s Hash Ribbon metric – which identifies market trends and miner behavior by tracking the Hash moving averages of the hashrate (30DMA and 60DMA) – and found that the indicator hasn’t signaled a death cross, even with the poor performance of the currency since ETFs became tradable. .

A death cross occurs when the shorter-term moving average (30DMA) of the Hash Ribbon falls below the longer-term moving average (60DMA). This signals a decline in mining activity and indicates that miners may see low profitability.

Furthermore, Dent assessed BTC’s Miner’s Position Index (MPI) and found that in the current market, miner capitulation does not appear to be occurring at the levels of previous bear market lows. BTC’s MPI measures the historical pattern of miners’ selling behavior during market downturns.

According to Dent:

“Examining the selling of miner capitulation at an MPI index level of 4.0 during previous bear market lows and lows, it becomes clear that this adjustment does not represent the rise of miner capitulation.”

No capitulation yet, but miners have sold some coins

As Dent noted, “miners sold significant amounts of BTC in January 2024.” The analyst noted that this could be a “proactive step to prepare for future halving events.”

See also  Bitcoin [BTC] can't break $29.8k: where is the next support zone

According to data from CryptoQuantBTC Miner Reserve measured on a 30DMA is down 1% this year. This metric measures the number of coins held in the wallets of affiliated miners. Its decline often signals a rally in coin sell-offs among network miners.


Source: CryptoQuant

Likewise, the coin’s Miner to Exchange Flow, measured over the same period, has registered a growth of 45%. This indicator measures the amount of BTC flowing from miners to exchanges.


Read Bitcoin’s [BTC] Price forecast 2024-25


When it rises, it means miners are selling more BTC than they are mining for profit.

Still facing significant resistance at the $43,000 price level, BTC was exchanging hands at $42,085 at the time of writing. According to data from CoinMarketCapthe value of the currency has risen by 5% in the past week.

Source link

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin’s $ 10,000 stairs: Map signals marching to $ 115,000

2025-05-17

Wait Bitcoin’s new meeting? 3 unraveling keys signals

2025-05-17

Bitcoin Options Market also signals upwards potential for BTC price: New ATH soon?

2025-05-17

ETH, Link, MKR recordings Surge: Are smart investors a new altiation season at the front?

2025-05-17
Add A Comment

Comments are closed.

Top Posts

Bitcoin -Rescherstel possibly above $ 85k – will bull income?

2025-03-13

What happened today in Crypto? Rate cuts, regulations and the impact on Bitcoin

2025-04-05

Georgia Opposition Party launches United Space, a blockchain-based democracy app ahead of the elections

2024-10-27
Editors Picks

NFT Lender Arcade Unveils Airdrop for Ethereum, Solana, and Bitcoin Collectors

2024-02-17

‘It’s Happening’: Top Analyst Predicts Upcoming Parabolic Rally for Bitcoin – Here’s His Target

2024-10-30

CZ THE GOAT (CZGOAT) Price Prediction 2024 2025 2026 2027

2024-05-15

Trademark Africa and EAC SPS collaborate using IOTA to digitize the exchange of trade documents, improving the efficiency and security of trade in East Africa

2023-12-22
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Bitcoin’s $ 10,000 stairs: Map signals marching to $ 115,000

Wait Bitcoin’s new meeting? 3 unraveling keys signals

Pi’s 4-week rally threatened what will decide if $ 0.30 is the next one

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,303.120.36%
  • ethereumEthereum(ETH)$2,479.31-0.34%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.360.49%
  • binancecoinBNB(BNB)$641.300.09%
  • solanaSolana(SOL)$166.820.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.215510-1.01%
  • cardanoCardano(ADA)$0.74-1.02%
  • tronTRON(TRX)$0.270165-0.18%
  • suiSui(SUI)$3.770.56%
  • chainlinkChainlink(LINK)$15.32-1.19%
  • avalanche-2Avalanche(AVAX)$22.19-1.95%
  • stellarStellar(XLM)$0.287030-0.73%
  • hyperliquidHyperliquid(HYPE)$26.16-1.63%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.940.83%
  • hedera-hashgraphHedera(HBAR)$0.191584-0.49%
  • bitcoin-cashBitcoin Cash(BCH)$394.200.15%
  • the-open-networkToncoin(TON)$3.080.55%
  • litecoinLitecoin(LTC)$96.59-2.14%
  • polkadotPolkadot(DOT)$4.61-1.45%
  • moneroMonero(XMR)$336.380.30%
  • bitget-tokenBitget Token(BGB)$4.960.60%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-2.19%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • piPi(PI)$0.70-5.02%
  • bittensorBittensor(TAO)$420.71-0.11%
  • uniswapUniswap(UNI)$5.73-3.54%
  • aaveAave(AAVE)$222.09-2.20%
  • nearNEAR Protocol(NEAR)$2.69-2.43%
  • aptosAptos(APT)$5.07-1.92%
  • okbOKB(OKB)$53.22-0.08%
  • ondo-financeOndo(ONDO)$0.92-0.58%
  • kaspaKaspa(KAS)$0.109093-4.94%
  • ethereum-classicEthereum Classic(ETC)$18.12-1.56%
  • internet-computerInternet Computer(ICP)$5.15-0.67%
  • gatechain-tokenGateToken(GT)$21.61-0.23%
  • crypto-com-chainCronos(CRO)$0.097888-0.25%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.712.55%
  • mantleMantle(MNT)$0.73-1.65%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232352-0.47%
  • vechainVeChain(VET)$0.027756-1.17%
  • render-tokenRender(RENDER)$4.540.74%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • ethenaEthena(ENA)$0.351156-7.28%
  • filecoinFilecoin(FIL)$2.79-1.79%
  • algorandAlgorand(ALGO)$0.215803-1.75%
  • cosmosCosmos(ATOM)$4.72-0.06%
  • bitcoinBitcoin(BTC)$103,303.120.36%
  • ethereumEthereum(ETH)$2,479.31-0.34%
  • tetherTether USDt(USDT)$1.000.00%
  • rippleXRP(XRP)$2.360.49%
  • binancecoinBNB(BNB)$641.300.09%
  • solanaSolana(SOL)$166.820.25%
  • usd-coinUSDC(USDC)$1.000.00%
  • dogecoinDogecoin(DOGE)$0.215510-1.01%
  • cardanoCardano(ADA)$0.74-1.02%
  • tronTRON(TRX)$0.270165-0.18%
  • suiSui(SUI)$3.770.56%
  • chainlinkChainlink(LINK)$15.32-1.19%
  • avalanche-2Avalanche(AVAX)$22.19-1.95%
  • stellarStellar(XLM)$0.287030-0.73%
  • hyperliquidHyperliquid(HYPE)$26.16-1.63%
  • shiba-inuShiba Inu(SHIB)$0.000014-1.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.940.83%
  • hedera-hashgraphHedera(HBAR)$0.191584-0.49%
  • bitcoin-cashBitcoin Cash(BCH)$394.200.15%
  • the-open-networkToncoin(TON)$3.080.55%
  • litecoinLitecoin(LTC)$96.59-2.14%
  • polkadotPolkadot(DOT)$4.61-1.45%
  • moneroMonero(XMR)$336.380.30%
  • bitget-tokenBitget Token(BGB)$4.960.60%
  • daiDai(DAI)$1.000.00%
  • pepePepe(PEPE)$0.000012-2.19%
  • ethena-usdeEthena USDe(USDE)$1.00-0.01%
  • piPi(PI)$0.70-5.02%
  • bittensorBittensor(TAO)$420.71-0.11%
  • uniswapUniswap(UNI)$5.73-3.54%
  • aaveAave(AAVE)$222.09-2.20%
  • nearNEAR Protocol(NEAR)$2.69-2.43%
  • aptosAptos(APT)$5.07-1.92%
  • okbOKB(OKB)$53.22-0.08%
  • ondo-financeOndo(ONDO)$0.92-0.58%
  • kaspaKaspa(KAS)$0.109093-4.94%
  • ethereum-classicEthereum Classic(ETC)$18.12-1.56%
  • internet-computerInternet Computer(ICP)$5.15-0.67%
  • gatechain-tokenGateToken(GT)$21.61-0.23%
  • crypto-com-chainCronos(CRO)$0.097888-0.25%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.712.55%
  • mantleMantle(MNT)$0.73-1.65%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.232352-0.47%
  • vechainVeChain(VET)$0.027756-1.17%
  • render-tokenRender(RENDER)$4.540.74%
  • usd1World Liberty Financial USD(USD1)$1.000.06%
  • ethenaEthena(ENA)$0.351156-7.28%
  • filecoinFilecoin(FIL)$2.79-1.79%
  • algorandAlgorand(ALGO)$0.215803-1.75%
  • cosmosCosmos(ATOM)$4.72-0.06%