Bitcoin price watch: Miners show strength, but longs are at risk – Why?

By: bitcoin ethereum news|2025/05/12 01:15:05
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Miner’s sell pressure hits 2025 low, showing bullish conviction despite rising market leverage. BTC stays above $100K, but overbought RSI and heavy longs hint at volatility ahead. Bitcoin [BTC] miners are showing signs of conviction, with selling pressure falling to its lowest level since early 2024. This trend reflects increasing confidence in price stability, yet it coincides with a highly leveraged market. With long positions piling up, even a sharp price movement could trigger renewed volatility and forced liquidations. Miner selling pressure hits 2025 low Bitcoin miner sell pressure has dropped to its lowest level since early 2024, according to Alphractal data, with the miner pressure metric now hugging the lower band. This indicator, which compares 30-day miner outflows to average reserves, suggests that miners are choosing to hold rather than sell – a historically bullish signal for price stability. Source: Alphractal The last time pressure was this low, Bitcoin entered a period of relative calm before its next major move. However, with leveraged long positions building up, any abrupt price shift could prompt miners to reconsider their stance, potentially reigniting volatility. Longs in the danger zone? While miners are holding firm, the derivatives market is a bit more fragile. BTC’s liquidation heatmap reveals a significant accumulation of high-leverage long positions, especially between $100K and $110K. Source: Alphractal The risk? A swift move downward could cascade into billions in liquidations, intensifying volatility. With nearly all recent growth in open interest driven by leveraged longs, the market is heavily tilted – offering opportunity, but also sharp downside risk. Bitcoin’s price outlook At press time, BTC was trading at $104,336, a modest intraday decline of 0.27%. Despite the minor pullback, BTC remains above the critical $100K support level. The RSI was hovering around 75; overbought conditions and a potential cooldown. Source: TradingView Meanwhile, the OBV had flattened after recent gains, suggesting buyer momentum may be slowing. With bullish sentiment still intact but leverage risks looming, BTC could either consolidate above $100K or face a sharp correction if selling pressure returns. Source: https://ambcrypto.com/bitcoin-price-watch-miners-show-strength-but-longs-are-at-risk-why/

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