| COINOTAG recommends • Exchange signup |
| 💹 Trade with pro tools |
| Fast execution, robust charts, clean risk controls. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🚀 Smooth orders, clear control |
| Advanced order types and market depth in one view. |
| 👉 Create account → |
| COINOTAG recommends • Exchange signup |
| 📈 Clarity in volatile markets |
| Plan entries & exits, manage positions with discipline. |
| 👉 Sign up → |
| COINOTAG recommends • Exchange signup |
| ⚡ Speed, depth, reliability |
| Execute confidently when timing matters. |
| 👉 Open account → |
| COINOTAG recommends • Exchange signup |
| 🧭 A focused workflow for traders |
| Alerts, watchlists, and a repeatable process. |
| 👉 Get started → |
| COINOTAG recommends • Exchange signup |
| ✅ Data‑driven decisions |
| Focus on process—not noise. |
| 👉 Sign up → |
- Bitcoin’s price hovers around $61,400, leading altcoins to move laterally, as BTC struggles to surpass the $62,500 mark.
- The market remains on edge with insights from Bitcoin whales and miners offering a glimpse into the ongoing trends.
- Continuous decline in miner reserves and hash rate drives selling pressure, impacting the overall market stability.
Bitcoin price stagnates at $61,400, affecting the cryptocurrency market dynamics, marked by caution from investors due to miner selling and whale activities.
Why Are Miner Reserves Decreasing?
Bitcoin miner reserves have dropped to levels not seen in a decade, indicating ongoing sell-offs. The persistence of this trend is magnified by ETF outflows, which add to the selling pressure on BTC. Miner reserves have reverted to levels observed in June 2019, driven by increased operational costs and attractive selling prices for BTC.
Miner reserves have dipped by 1.18% over the past month and 1.45% over the past quarter. This decline is notable as miner sales are surpassing daily production rates. The recent Bitcoin halving has further pressed profitability, leading to the decommissioning of less efficient ASIC devices and consequently lowering the hash rate.
Interpreting the Hash Rate Decline
Starting in early June, the Bitcoin hash rate has been on a downward trajectory, corroborating the reduction in miner activity. This decline in mining operations has intensified sales activities in June, causing BTC to drop to its lowest point of the year. Additionally, the decrease in block size has curtailed the revenue miners earn from transaction fees, adding to the selling momentum.
| COINOTAG recommends • Professional traders group |
| 💎 Join a professional trading community |
| Work with senior traders, research‑backed setups, and risk‑first frameworks. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 📊 Transparent performance, real process |
| Spot strategies with documented months of triple‑digit runs during strong trends; futures plans use defined R:R and sizing. |
| 👉 Get access → |
| COINOTAG recommends • Professional traders group |
| 🧭 Research → Plan → Execute |
| Daily levels, watchlists, and post‑trade reviews to build consistency. |
| 👉 Join now → |
| COINOTAG recommends • Professional traders group |
| 🛡️ Risk comes first |
| Sizing methods, invalidation rules, and R‑multiples baked into every plan. |
| 👉 Start today → |
| COINOTAG recommends • Professional traders group |
| 🧠 Learn the “why” behind each trade |
| Live breakdowns, playbooks, and framework‑first education. |
| 👉 Join the group → |
| COINOTAG recommends • Professional traders group |
| 🚀 Insider • APEX • INNER CIRCLE |
| Choose the depth you need—tools, coaching, and member rooms. |
| 👉 Explore tiers → |
Key Market Insights
- Exchange net inflows on June 22 and 24 aligned with a weakening BTC price.
- A recent net outflow of 800 BTC from exchanges indicates assets are moving into storage.
- Google search trends for Bitcoin saw a spike in late June but have declined since, suggesting diminishing interest.
- Increased whale transactions in mid-June hint at significant selling movements.
Conclusion
Data reveals miners and whales are offloading their holdings, influenced by heightened costs and reduced profitability. This trend, combined with waning investor interest as seen in search trends, impacts BTC price movements. As Bitcoin finds itself in a consolidation phase, substantial price increases could be limited in the near term.
| COINOTAG recommends • Members‑only research |
| 📌 Curated setups, clearly explained |
| Entry, invalidation, targets, and R:R defined before execution. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧠 Data‑led decision making |
| Technical + flow + context synthesized into actionable plans. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 🧱 Consistency over hype |
| Repeatable rules, realistic expectations, and a calmer mindset. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🕒 Patience is an edge |
| Wait for confirmation and manage risk with checklists. |
| 👉 Join now → |
| COINOTAG recommends • Members‑only research |
| 💼 Professional mentorship |
| Guidance from seasoned traders and structured feedback loops. |
| 👉 Get access → |
| COINOTAG recommends • Members‑only research |
| 🧮 Track • Review • Improve |
| Documented PnL tracking and post‑mortems to accelerate learning. |
| 👉 Join now → |
