Bitcoin Mining Metrics Flash Warning—Is BTC Headed for a Pullback?

Bitcoin Mining Metrics Flash Warning—Is BTC Headed for a Pullback?

Miners are slowly shifting coins to exchanges, hinting at nerves over more downside moves.
The price still holds within a bullish chart setup, but a clean break above $105K is needed for a lift.

Bitcoin miners appear to be showing restraint, trimming their exposure and possibly bracing for broader market weakness. The miner reserve, which tracks how much Bitcoin miners are holding, dropped slightly by 0.022% over the past week on a 7-day average. Though small, this change suggests that some miners are leaning toward selling.
This shift points to declining confidence, especially after Bitcoin dipped below the $100,000 level during the last two trading sessions. That price has served as a psychological line for many, and falling through it may signal growing uncertainty across the market.
Source: CryptoQuant
Adding weight to this sentiment is the sharp 55% spike in the Miners’ Position Index (MPI) within three days. This metric compares the volume of Bitcoin miners send to exchange

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