Stop obsessing over K-line predictions of rise and fall! The bottom-layer selling pressure bomb in BTC has already quietly exploded!

Just released industry core data: In the first quarter of 2026, listed Bitcoin miners directly sold over 32k BTC; at the same time, mining hash rate continues to decline, and it is expected that global hash rate will drop to 1004 EH/s in the second quarter. In simple terms, mining difficulty is soaring, electricity costs keep rising, combined with stricter regulations, mining is no longer profitable. Miners are either selling coins to recover funds and stay afloat or shutting down completely. The entire industry is undergoing a brutal reshuffle.

Now, miners are collectively migrating to low-cost regions. Paraguay, with its cheap hydropower advantage, has accounted for 4.3% of the global hash rate, becoming a new mining hub, which also confirms the survival dilemma of high-cost mining areas.

Let me be honest with everyone: miners are the native players with the lowest cost of chips in BTC. Their collective sell-off is the most direct bearish signal. No matter how many bullish target prices are shouted outside, if the underlying selling pressure isn’t absorbed, it’s too difficult for the market to push higher. This is also the core reason why the probability of BTC hitting a new all-time high by the end of this year is only 17.5%.

Do you think this wave of mining sell-off is a short-term bearish signal exhausted, or a prelude to a market correction? Share your trading ideas in the comments!