Are Bitcoin Miners Booking Profits As MPI Index Soars
The post Are Bitcoin Miners Booking Profits As MPI Index Soars appeared on BitcoinEthereumNews.com. A sharp spike in the Miners’ Position Index (MPI) earlier this week raised concerns about potential selling pressure from Bitcoin miners. However, a closer look at on-chain data reveals a detailed take on miner’s behavior. Could this shift in miner activity signal that the BTC bottom is in?” MPI Surge Sparks Profit-Taking Speculation The MPI, which tracks the ratio of miner outflows to their one-year moving average, briefly crossed 2 in mid-July 2025. A value above 2 indicates that miners sold their holdings as BTC price made new highs. Historically, such situations have preceded market corrections due to large-scale miner selling. When miners send more BTC to exchanges, especially at levels above their historical average, they’re often preparing to sell, aiming to lock in profits when prices are high. Exchange Inflows Align with MPI Readings Binance recorded a net inflow of nearly 6,000 BTC between July 12 and July 14, coinciding with Bitcoin’s price shooting up to a new all-time high of $123,091. Bitcoin MPI Chart | Source: CryptoQuant This inflow could indicate massive profit-taking. However, such moves are not always bearish in nature. Some of the BTC may be earmarked for arbitrage, derivative hedging, or over-the-counter transactions but not necessarily market dumping. Will Miners Book Profits? Although the MPI index surged past the key level of 2, it was immediately followed by a steep decline. In fact, this has been a recurring pattern. Previous spikes in MPI, including those in late 2024, February 2025, March 2025, and June 2025, were typically followed by either a temporary price dip or stabilization, not sustained selloffs. Bitcoin MPI | Source: CryptoQuant The reversal reveals that while some miners may be taking profits, they are doing so selectively and in smaller batches. It also indicates that the market may be absorbing these sales without…
The post Are Bitcoin Miners Booking Profits As MPI Index Soars appeared on BitcoinEthereumNews.com.
A sharp spike in the Miners’ Position Index (MPI) earlier this week raised concerns about potential selling pressure from Bitcoin miners. However, a closer look at on-chain data reveals a detailed take on miner’s behavior. Could this shift in miner activity signal that the BTC bottom is in?” MPI Surge Sparks Profit-Taking Speculation The MPI, which tracks the ratio of miner outflows to their one-year moving average, briefly crossed 2 in mid-July 2025. A value above 2 indicates that miners sold their holdings as BTC price made new highs. Historically, such situations have preceded market corrections due to large-scale miner selling. When miners send more BTC to exchanges, especially at levels above their historical average, they’re often preparing to sell, aiming to lock in profits when prices are high. Exchange Inflows Align with MPI Readings Binance recorded a net inflow of nearly 6,000 BTC between July 12 and July 14, coinciding with Bitcoin’s price shooting up to a new all-time high of $123,091. Bitcoin MPI Chart | Source: CryptoQuant This inflow could indicate massive profit-taking. However, such moves are not always bearish in nature. Some of the BTC may be earmarked for arbitrage, derivative hedging, or over-the-counter transactions but not necessarily market dumping. Will Miners Book Profits? Although the MPI index surged past the key level of 2, it was immediately followed by a steep decline. In fact, this has been a recurring pattern. Previous spikes in MPI, including those in late 2024, February 2025, March 2025, and June 2025, were typically followed by either a temporary price dip or stabilization, not sustained selloffs. Bitcoin MPI | Source: CryptoQuant The reversal reveals that while some miners may be taking profits, they are doing so selectively and in smaller batches. It also indicates that the market may be absorbing these sales without…
What's Your Reaction?
