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Bitcoin miners' cautious selling signals continued sideways price action, no clear market bottom yet.

Market News
21 May 2026
Blockonomi
View Source
Neutral
pluang ai news

Bitcoin miners are reducing their holdings cautiously, indicating ongoing but controlled selling pressure without panic. Key metrics like Binance Pool Miner Reserves, Miner Position Index (MPI), and Puell Multiple show miners are under financial stress but not capitulating, suggesting the market has not yet found a confirmed bottom. This cautious behavior points to continued sideways consolidation in Bitcoin prices, with neither a sharp decline nor a strong rally expected in the near term.

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