Miners sell record 40,000 BTC, threatening rebound before ceasefire deadline

Bitcoin miners sold a record 40,000 BTC in Q1. That tops all of 2025 and the Terra panic in 2022.

- Public miners dumped 40,000 BTC in Q1, a new high, exceeding their full-year 2025 sales and mid-2022 levels after Terra’s collapse source.

A geopolitical deadline hangs over risk. The two-week US–Iran ceasefire ends Wednesday evening Washington time. President Donald Trump said he won’t extend it source. Three ships tested the Strait of Hormuz on Tuesday with both blockades still in place source.

ETF demand helps the floor. Spot bitcoin ETFs saw ongoing interest last week, and spot Ethereum ETFs also drew bids, supporting prices even as miners sell bitcoin ETFs ethereum ETFs.