Miners may shape Bitcoin’s fate – But first, ETF outflows need to stop
The post Miners may shape Bitcoin’s fate – But first, ETF outflows need to stop appeared on BitcoinEthereumNews.com.
Bitcoin miners ramp up activity as MARA Digital mines 950 BTC in May without selling. As BTC sees over $1.2B in outflows, increased miner inflows could help stabilize prices amid ETF-driven exits. Bitcoin mining giant MARA Digital Holdings reported a solid May, adding 950 BTC to its reserves. This is a 35% higher April mining result and emphasizes the company’s rising hash power and efficiency. MARA had a combined total of 49,179 BTC at the end of May, and sold none of its Bitcoin holdings during the month. This steady accumulation mirrors MARA’s confidence in BTC long-term, as market volatility continues to weigh on investor sentiment. The high-profile miner not providing sell pressure is a crucial sentiment in today’s market conditions. Greater miner inflows versus ETF outflows While miners like MARA are stockpiling BTC in their reserves, the remainder of the market is witnessing an enormous outflow of capital from Bitcoin ETFs. According to Santiment, Bitcoin ETFs saw $1.21 billion in net outflows over just three trading days, marking the sharpest drawdown in three months. The divergent theme—miners hoarding while ETFs offloading—can become a principal balancing influence for the market. Provided that ETF outflows continue to occur, on-chain miner activity could increasingly play a crucial role in stabilizing prices in the future. In other words, we’re watching a rare tug-of-war play out: institutional redemptions on one side, miner discipline on the other. Source: Santiment Can miners resist Bitcoin ETF pressure? The miner inflows surge could offer short-term respite as Bitcoin attempts to regain its bullish momentum. Historically, surges in Miner Inflow coupled with reserve accumulation have front-run local bottoms or stabilization periods. It doesn’t mean a rally is guaranteed—but it does tilt the balance toward resilience. The bigger question is whether this miner support can withstand continued ETF capital flight.…
Filed under: News - @ June 4, 2025 10:25 pm