- Bitcoin price currently trades 7.4% above the latest difficulty bottom, easing selling pressure and indicating stability in mining operations.
- No signs of miner capitulation observed, with difficulty metrics showing a neutral-to-positive outlook as revenue levels remain relatively steady.
- Miner reserves stay unchanged, showing no increase in distribution, while upcoming difficulty shifts could offer early insights into potential stress.
Bitcoin mining pressure has eased as the asset’s price remains above the most recent difficulty bottom. Current data shows a 7.4% increase since that level, signaling no immediate stress within the mining sector.
No Signs of Capitulation as Price Outpaces Difficulty Bottom
Recent analysis by Axel Adler Jr reveals that Bitcoin is trading 7.4% above its last difficulty bottom. This metric, often used to gauge miner stress, currently sits in the green zone. Real capitulation typically appears when prices fall 10% to 30% below the difficulty bottom after a series of difficulty reductions.
As of now, there is no visible forced selling from weak miners. Price stability above the difficulty baseline suggests miners are not under pressure to liquidate holdings. The lack of miner-driven sell-offs reflects a healthier environment compared to capitulation periods of past cycles.
Stable Revenue Keeps Mining Sector Balanced
The moderate price gain of +7.4% does not reflect the extreme upside often seen in euphoric phases. Historically, stronger rallies saw readings between 50% and 80% above the difficulty bottom. Current levels, however, maintain a neutral to slightly positive tone in mining revenue.
According to Axel, unless the price breaks sharply from current levels, Bitcoin mining will likely remain a stable force. Attention should turn to the upcoming mining difficulty adjustment. If it coincides with a falling price, weaker miners could again face pressure, raising the risk of renewed selling.
Hashprice—measuring revenue per terahash—will be a key data point to confirm the presence or absence of financial stress across the mining network.
Miner Reserves Provide Early Market Clues
Another key signal lies in miner reserves. At present, there is no rise in miner selling, even amid moderate price action. This steady reserve behavior points to an absence of urgent liquidity needs across the mining sector.
Unless Bitcoin breaks well above or below its difficulty bottom with double-digit movement, Bitcoin mining is unlikely to become a major market force. The current posture remains neutral, with pressure easing and stability prevailing in the short term.
