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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow
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Breaking News: REX Shares Claims Its DOGE And XRP Spot ETFs Will Be Approved By US SEC Tomorrow

Warning Signs Flash As Bitcoin Miners Unload At Record Pace

Christian Encila
Christian Encila
Last Updated: July 20, 2025 2:30 pm
2 mins read
Bitcoin

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Bitcoin’s run above $120,000 has drawn fresh selling from the very people who dug it up. On July 15, miners sent a hefty 16,000 Bitcoin to exchanges—the most in a single day since April—raising questions about how long the rally can keep climbing.

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According to CryptoQuant data, those daily outflows edged past the earlier high, signaling that miners are cashing in on recent gains. That kind of supply surge can weigh on prices, at least for a little while.

Miner Sales Hit Yearly High

Based on reports from CryptoQuant, the jump to 16K BTC occurred as miners sensed a chance to lock in profits after Bitcoin’s latest spike.

Bitcoin miner sales surged.

Outflows hit 16K BTC, the highest since April, and nearly all of it went to exchanges as BTC hit a new all-time high.

Dive into our weekly report for all the details ⤵️https://t.co/BMZc87rr11 pic.twitter.com/2BMpvMdfGK

— CryptoQuant.com (@cryptoquant_com) July 18, 2025

Earlier this year, on the way up from $75K to just over $100K, miners offloaded roughly 17K BTC in April alone. Now, with prices pressing past $120K, they’re back at it.

Miners often sell when their hardware costs are covered and they stand to pocket hefty gains, but when they all sell at once, it can tip the market into choppy waters.

Total crypto market cap currently at $3.85 trillion. Chart: TradingView

Mid-Range Holders Offload 3K BTC

Big miners aren’t the only ones stepping to the exits. Wallets holding between 100 and 1,000 BTC cut their balances from 68K BTC to 65K BTC since mid‑June—about 3K BTC shed in just a few weeks.

During the April rally, that same group sold close to 5K BTC before shifting back into buy mode when prices settled into a range. Now, they’re a key source of extra supply as the latest breakout attracts their attention.

Exchange Inflows Can’t Keep Up

At the same time, the total amount of crypto sent to exchanges shot up from around 13K BTC per day to about 58K BTC this week. That four‑fold rise shows profit‑takers rushing to offload coins.

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Bitcoin At $118K

At the time of writing, Bitcoin was trading at $118,000, still down 0.3% in the last 24 hours, CoinMarketCap data shows.

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Christian Encila
Christian Encila

Christian Encila

They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn.

Read more

Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later).

Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley!

So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill).

Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair.

Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better.

Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies.

Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects.

So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

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Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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