- Bitcoin MPI at -1.04 indicates extreme miner inactivity.
- Low miner selling reduces structural supply pressure on BTC.
- BTC must reclaim $70K to signal potential recovery amid downtrend.
Bitcoin (BTC) is under renewed selling pressure, trading below $70,000 after failing to maintain recent momentum. The Miners’ Position Index (MPI) is hovering near historic lows at -1.04, indicating minimal miner-driven selling. Analyst MorenoDV notes that BTC price action typically becomes significant when MPI starts rising from these extreme lows.
Low MPI Indicates Reduced Miner Supply Pressure But Not a Bottom
CryptoQuant data shows that Bitcoin’s MPI is one of the lowest in history, marking only the third occurrence of such depressed levels. Miners are sending fewer coins relative to their one-year average, suggesting accumulation or anticipation of higher prices. Historically, extreme MPI readings appear after market stress or post-capitulation phases, reflecting miner caution amid uncertainty.
While reduced miner selling removes a structural headwind, it does not automatically generate demand. BTC price direction still depends on who absorbs available supply, whether through spot buyers, ETFs, or derivatives. A low MPI alone cannot sustain upward momentum, making market liquidity a key factor in the next move.
Bitcoin Faces Resistance Below $70K Amid Downtrend
Bitcoin remains in a confirmed downtrend, trading below the 50-day, 100-day, and 200-day moving averages. The $70,000 level now acts as resistance, while $65,000 serves as immediate support. Recent attempts to recover toward $74,000 failed, with volume spikes occurring primarily during sell-offs rather than accumulation phases.
The market structure shows lower highs and weakening short-term strength since late 2025. Traders are cautious, monitoring both MPI signals and price behaviour for signs of renewed demand. Momentum could shift if MPI rises alongside improved liquidity, signalling a potential re-engagement from miners and other market participants.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
