Warning: $BTC Isn’t Falling From Selling — It’s Falling From No Buyers
Narrative says miners are dumping.
Data says the opposite.
• Miner Supply Ratio → falling
• Miner Selling Power → falling
• Post-halving → miners selling less
So what’s driving the weakness?
Demand void.
No whale absorption.
No consistent ETF inflows.
No real bid under price.
Market regime shifted:
Supply-driven → Demand-driven
And right now — demand is missing.
That’s why price drifts lower
even with reduced sell pressure.
Key trigger:
• Return of ETF inflows
• On-chain whale accumulation
Until then → upside is capped.
Verdict: Vulnerable until buyers step in.
Watch demand, not miners. 🎯