Bitcoin kicked off the week strong, jumping past $90,000 after President Trump announced a strategic crypto reserve. But the excitement didn’t last long—by midweek, BTC slipped back under $90K and has been moving between $82K and $92K since. The big question now is: what’s stopping Bitcoin from pushing higher?
Who’s Selling? Short-Term Traders Cash Out
According to analyst ShayanBTC, the recent dips are mostly caused by short-term traders—those who have held Bitcoin for less than six months. Many are moving their BTC to exchanges, likely to sell and take profits. This is common when the market is uncertain.
On the other hand, long-term holders (who’ve held BTC for over six months) are staying put. Some are taking small profits, but they aren’t rushing to sell. This is a sign of confidence—they believe Bitcoin’s price will keep rising.
Miners Holding Onto Their Bitcoin
Another key factor? Bitcoin miners haven’t sold any BTC since February 28, according to crypto analyst Ali Martinez.
This is important because in past market cycles, large miner sell-offs have caused major price drops. For example:
- In December 2018, when BTC fell below $3,500
- In May 2021, when China’s crackdown led to a sell-off that pushed Bitcoin from $60K to $30K
Since miners aren’t selling right now, it suggests they expect Bitcoin’s price to rise further.
