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Bitcoin miners are now out of the stress zone, with selling pressure easing compared to past capitulation phases.
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$115K remains a key danger level for BTC, where a drop could trigger panic selling and liquidations.
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Keep an eye on difficulty adjustments, hashprice, and miner reserves for signs of renewed market pressure.
After months of ups and downs, Bitcoin miners are finally under less pressure to sell. CryptoQuant analyst Axel Adler Jr says the market is now out of its “stress zone,” but it’s still not showing the big rallies we’ve seen before. He also warns that the $115,000 level could be a danger zone for the market.
So, what does this mean for traders? Let’s break it down!
Miners Out of the Danger Zone
According to the latest analysis from CryptoQuant expert Axel Adler Jr., miners are currently in a stable position, with no signs of the heavy selling that often happens when they’re under financial pressure.
Looking at the chart, it compares Bitcoin’s current price to where it was the last time mining difficulty hit its lowest point.
- +7.4% (green zone) — right now, the price is higher than the bottom, so miners face less pressure to sell.
- -10% to -30% (red zone) — in past cases, readings this low followed many difficulty drops and pointed to real miner capitulation (forced selling).
So, because the current reading is +7.4%, we’re not seeing capitulation right now.
No Big Sell-Off, But No Big Rally Either
Meanwhile, the current reading is positive, but it’s not close to the strong growth seen in past bull runs, when it reached +50% to +80%. Right now, the market feels more stable and careful, not overly excited.
Why the $115,000 Level Matters
Further, Adler points out that Bitcoin’s recent stability hovers above a “danger zone” right around $115,000. Falling below could spark panic selling and liquidations, as many bought near this level.
It’s also a key technical point in Bitcoin’s price pattern, acting as a support line but also a potential bull trap for traders hoping for quick gains.
As of now, BTC is trading around $$116,539, reflecting a rise of 1.6% seen in the last 24 hours.
What to Watch Next?
Adler says the next big moment to watch is Bitcoin’s difficulty adjustment, which could force weaker miners to sell. Another important signal is hashprice, the revenue miners earn per terahash, which is another key signal, as a sharp drop means mining is getting less profitable.
Lastly, miner reserves are worth tracking closely. If these reserves suddenly drop, it’s a clear sign that miners are selling their Bitcoin.
Adler notes that if any of these factors turn negative at the same time, the pressure on miners and the market could rise quickly.