The Bitcoin price isn’t crashing because miners are dumping. That’s the easy narrative and right now, it’s wrong. Since early 2025, the Miner Supply Ratio has been sliding lower, meaning miners are actually sending less BTC to exchanges like Binance. Normally, that should ease selling pressure. Prices should stabilize… maybe even bounce. But instead? Price first climbed, then sharply rolled over. Not exactly the script bulls were hoping for.
So, the next thing is what really could uplift market back at this point. So for any real bottom to form, buyers need to show up. Not narratives. Not hope. Actual capital and that’s straight the market needs.
Until then, the Bitcoin price analysis shows that it remains vulnerable. Supply is tightening, sure but it seems without demand, it’s like closing a leaking tap while the tank is already empty.
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