Bitcoin recently faced multiple sales pressure. Miners continue to lose control, with net outflows of spot bitcoin ETF, while Strategy, long perceived as the source of a stable buyout, also pauses to increase the rhythm. Multiple forces have changed at the same time, bringing the market back to focus on the stability of the proximity of $60,000.

Miners synchronize with ETF pressure

Over the past 10 days, a total of 1,648 BTCs have been sold by miners, or approximately $106 million at recent prices. It is mentioned that mining companies are, on the one hand, controlling costs and, on the other hand, shifting part of their capacity and resources to AI-related operations.

In the first half of the year, some large mining companies have significantly increased their sales. Riot Platforms sold 9,665 BTC, MARA Holdings 23,093 BTCs in the first half of 2026. However, MARA still held 35,577 BTCs, indicating that the mining company did not withdraw completely, but rather that it was replenishing the cash by selling part of the warehouse.

The real bitcoin ETF is also increasing market pressure. Last week, the total net outflow of such funds was about 6,195 BTCs, with a contractual discount of $385 million. For the spot market, the withdrawal of ETF funds meant that the previous significant incremental buyout was weakening.

Strategy paused.

Strategy, one of the world ' s largest holders of bitcoin, has long provided a sustainable buyout to the market. But this support has slowed down in the near future. It was reported that the company had sold 6,948 BTCs since the current year, with an estimated $432.5 billion.

During the week of August 10 to August 16, Strategy did not buy or sell bitcoin and the hold-up remained at 840,447 BTCs. Although the company did not continue to decline this week, it did not continue the pace of weektime, which is familiar to the market.

During the same period, Strategy financed approximately $333.7 million by selling MSTR shares. Of that amount, approximately $149.1 million was replenished to the United States dollar reserve, raising the related reserve to approximately $4.8 billion. It was also reported that this portion of the funds was also used for priority stock-sharing and repurchase arrangements.

The whales are still buying.

Sold pressure is not a unilateral expansion. The data show that in the last 17 days, a cumulative increase of about 30,000 BTCs has been recorded in whale addresses. This part of the purchase may help Bitcoin to stay above $60,000 under the pressure of miners and ETF.

However, exchange balances are also rising. Over the past 10 days, the number of bitcoin in the exchange has increased by about 24,700. If these funds follow up on the sale, the potential saleable supply is estimated to be approximately US$ 5.59 billion.

between $6.18 million and $6.31 million into critical areas

On the price side, Bitcoin had previously fallen to about US$ 62,690, then recovered to US$ 64,187. The report cites the opinion of analyst Ali Martinez that the US$ 61,849 to US$ 63,111 area is an important supporting belt.

If the price is kept in this zone, the buyer may again push Bitcoin up to US$ 64,500 to US$ 64,700. If the US$ 61,849 is lost and the sales pressure continues to accumulate, the next main lower position may be near US$ 54,276.