The post Here’s Why Bitcoin Price Has Been Dropping This Week appeared on BitcoinEthereumNews.com. This month, Bitcoin’s lackluster price performance has triggered a wave of bearish sentiment among institutional investors. This raises the possibility that the digital asset could close September in the red.  On-chain data also reveals a decline in miner accumulation, further weighing on the already-struggling cryptocurrency. ETF Exodus and Miner Selling Could Push Bitcoin Lower The steady liquidity exit from spot BTC exchange-traded funds (ETFs) reflects the waning institutional interest. According to Sosovalue, capital exit from these funds between September 22 and 26 totaled $903 million, signaling a retreat of capital from the market.  Sponsored Sponsored For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue The correlation between ETF flows and BTC’s price has historically been strong. In July, the coin surged past $120,000, driven by monthly ETF inflows exceeding $5 billion. The current outflows mark a stark contrast, suggesting that the institutional interest and participation from mid-year may be fading. This trend puts the leading cryptocurrency at risk of falling further if institutional investors continue to remove capital.  Furthermore, on-chain data shows falling miner reserves, indicating that miners are selling rather than accumulating BTC, adding to the coin’s bearish outlook. According to CryptoQuant’s data, this reserve holds 1.8 million BTC and has lost 0.24 % of its value since September 9.  Bitcoin Miner Reserve. Source: CryptoQuant Miner reserves track the total amount of BTC that miners hold in their wallets before selling it on the market. When these reserves fall, it signals that miners are liquidating their holdings to realize profits or cover operational costs. This behavior often increases the coin’s supply in the market, adding to the downward pressure on BTC’s price.  Heavy Selling Could Trigger Fresh Lows If spot… The post Here’s Why Bitcoin Price Has Been Dropping This Week appeared on BitcoinEthereumNews.com. This month, Bitcoin’s lackluster price performance has triggered a wave of bearish sentiment among institutional investors. This raises the possibility that the digital asset could close September in the red.  On-chain data also reveals a decline in miner accumulation, further weighing on the already-struggling cryptocurrency. ETF Exodus and Miner Selling Could Push Bitcoin Lower The steady liquidity exit from spot BTC exchange-traded funds (ETFs) reflects the waning institutional interest. According to Sosovalue, capital exit from these funds between September 22 and 26 totaled $903 million, signaling a retreat of capital from the market.  Sponsored Sponsored For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here. Total Bitcoin Spot ETF Net Inflow. Source: SosoValue The correlation between ETF flows and BTC’s price has historically been strong. In July, the coin surged past $120,000, driven by monthly ETF inflows exceeding $5 billion. The current outflows mark a stark contrast, suggesting that the institutional interest and participation from mid-year may be fading. This trend puts the leading cryptocurrency at risk of falling further if institutional investors continue to remove capital.  Furthermore, on-chain data shows falling miner reserves, indicating that miners are selling rather than accumulating BTC, adding to the coin’s bearish outlook. According to CryptoQuant’s data, this reserve holds 1.8 million BTC and has lost 0.24 % of its value since September 9.  Bitcoin Miner Reserve. Source: CryptoQuant Miner reserves track the total amount of BTC that miners hold in their wallets before selling it on the market. When these reserves fall, it signals that miners are liquidating their holdings to realize profits or cover operational costs. This behavior often increases the coin’s supply in the market, adding to the downward pressure on BTC’s price.  Heavy Selling Could Trigger Fresh Lows If spot…

Here’s Why Bitcoin Price Has Been Dropping This Week

This month, Bitcoin’s lackluster price performance has triggered a wave of bearish sentiment among institutional investors. This raises the possibility that the digital asset could close September in the red. 

On-chain data also reveals a decline in miner accumulation, further weighing on the already-struggling cryptocurrency.

ETF Exodus and Miner Selling Could Push Bitcoin Lower

The steady liquidity exit from spot BTC exchange-traded funds (ETFs) reflects the waning institutional interest. According to Sosovalue, capital exit from these funds between September 22 and 26 totaled $903 million, signaling a retreat of capital from the market. 

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For token TA and market updates: Want more token insights like this? Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter here.

Total Bitcoin Spot ETF Net Inflow. Source: SosoValue

The correlation between ETF flows and BTC’s price has historically been strong. In July, the coin surged past $120,000, driven by monthly ETF inflows exceeding $5 billion. The current outflows mark a stark contrast, suggesting that the institutional interest and participation from mid-year may be fading. This trend puts the leading cryptocurrency at risk of falling further if institutional investors continue to remove capital. 

Furthermore, on-chain data shows falling miner reserves, indicating that miners are selling rather than accumulating BTC, adding to the coin’s bearish outlook. According to CryptoQuant’s data, this reserve holds 1.8 million BTC and has lost 0.24 % of its value since September 9. 

Bitcoin Miner Reserve. Source: CryptoQuant

Miner reserves track the total amount of BTC that miners hold in their wallets before selling it on the market. When these reserves fall, it signals that miners are liquidating their holdings to realize profits or cover operational costs.

This behavior often increases the coin’s supply in the market, adding to the downward pressure on BTC’s price. 

Heavy Selling Could Trigger Fresh Lows

If spot BTC ETFs continue to log outflows and miners on the BTC network keep selling, the coin’s price could extend its dip and fall toward $107,557.

BTC Price Prediction. Source: TradingView

However, if demand rockets and market sentiment improves, BTC’s price could climb above $110,034 and rally toward $111,961. 

Source: https://beincrypto.com/btc-price-drop-etf-outflow-miners-pullback/

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