Bitcoin’s seasonal weakness in August has long puzzled traders.
On-chain data, however, reveals a recurring driver in the form of miner sell pressure.
Miner Pressure You Can’t Ignore
Miners secure the Bitcoin network and earn revenue in BTC, yet their expenses, such as electricity, hardware, and cooling, are denominated in fiat. During the summer, particularly in August, energy demand surges across the world as heat waves strain power grids in major mining hubs such as Texas, Kazakhstan, and China.
Higher electricity costs leave miners with little choice but to liquidate larger portions of their BTC reserves. This pressure showed up clearly in CryptoQuant’s Miner-to-Exchange Flow data, which highlights spikes in transfers to exchanges during August.
Historically, these surges align with local market tops or mid-cycle corrections, which intensifies downside momentum just as overall liquidity thins due to reduced institutional participation in the summer.
The result is a seasonal i
We współpracy z: https://cryptopotato.com/why-august-always-breaks-bitcoin-and-what-september-means-for-traders/
