Bitcoin Miners Ease Selling as Revenue Rises 78%
Bitcoin miners are selling less BTC as higher prices improve profitability, according to CryptoQuant’s latest weekly report. Daily miner revenue rose 78%, from about $27 million to $48 million, while Bitcoin’s price climbed from below $58,000 at the start of July to above $83,000 this week.
CryptoQuant reported no extreme miner outflow events since August 21. Older miners moved about 600 BTC in September, roughly 70% fewer than in January. Balances among larger modern miners have also stabilized after falling from around 64,000 BTC in December 2025 to 51,000 BTC by early September.
The report’s Miner Profit/Loss Sustainability Indicator improved from “extremely underpaid” to “fairly paid” after August 21, reducing miners’ need to sell BTC to cover operating costs. Bitcoin’s hash rate has also recovered from below 900 EH/s in late July to above 960 EH/s.
The easing of miner selling pressure could reduce a source of supply in the Bitcoin market and support prices. However, miners have not yet returned to accumulating BTC, so CryptoQuant said a sustained increase in their balances would provide a stronger signal of a shift toward long-term holding.
Bullish
The report is modestly bullish for Bitcoin because miners appear to be reducing a recurring source of sell-side supply. Higher BTC prices have lifted daily miner revenue by 78%, and CryptoQuant’s profitability indicator has improved from “extremely underpaid” to “fairly paid.” With less pressure to sell coins to fund operating costs, miner outflows may exert less downward pressure on the market. The recovery in hash rate also suggests that mining capacity is returning rather than operators broadly capitulating, which is supportive of network stability.
In the short term, traders may interpret the decline in extreme outflows as a positive supply-side signal, particularly if it coincides with steady demand and continued price strength. However, miner flows are only one market indicator; broader demand, liquidity, macroeconomic conditions and derivatives positioning can outweigh them. The news may therefore support sentiment without guaranteeing an immediate price rise.
The longer-term signal is less conclusive. Miners have stopped selling aggressively, but they have not yet begun rebuilding BTC balances. A sustained return to accumulation would offer stronger evidence that miner supply is shifting toward long-term holding. Similar periods of reduced miner selling have eased market overhang, but have not by themselves established a lasting uptrend. Traders should monitor miner balances and outflows alongside hash rate, revenue and broader market demand.