Bitcoin’s run above $120,000 has drawn fresh selling from the very people who dug it up. On July 15, miners sent a hefty 16,000 Bitcoin to exchanges—the most in a single day since April—raising questions about how long the rally can keep climbing.
According to CryptoQuant data, those daily outflows edged past the earlier high, signaling that miners are cashing in on recent gains. That kind of supply surge can weigh on prices, at least for a little while.
Miner Sales Hit Yearly High
Based on reports from CryptoQuant, the jump to 16K BTC occurred as miners sensed a chance to lock in profits after Bitcoin’s latest spike.
Bitcoin miner sales surged.
Outflows hit 16K BTC, the highest since April, and nearly all of it went to exchanges as BTC hit a new all-time high.
Dive into our weekly report for all the details https://t.co/BMZc87rr11 pic.twitter.com/2BMpvMdfGK
— CryptoQuant.com (@cryptoquant_com) July 18, 2025
Earlier this year, on the way up from $75K to just
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