Bitcoin holds strong above $80K despite heavy miner and old wallet sell-offs.

Bitcoin approached the $80,500–$81,000 range while miners and long-term holders sold significant amounts of BTC, including nearly 32,000 BTC from public miners in Q1 2026 alone. This selling pressure stemmed from reduced mining profitability after the halving, prompting firms to convert reserves to cash. Additionally, dormant Satoshi-era wallets reactivated, distributing large BTC amounts, which increased market volatility. Despite this, strong demand absorbed the supply, allowing Bitcoin to maintain stability above $80,000, making this price zone a key battleground for liquidity and price discovery moving forward.