In the first quarter of 2026, the price of Bitcoin fell below $60,000, prompting public Bitcoin miners to sell over 32,000 BTC, setting a quarterly liquidation record. Bitcoin dropped to $60,000 in April Amid the current economic environment, interest among market participants has grown significantly.
The total cleared volume for this transaction exceeded 2,025 bitcoins, surpassing the quarterly record of 20,000 bitcoins set in the second quarter of 2022. The decline in bitcoin price was driven by macroeconomic factors, including U.S. tariff threats and rising interest rates.
Affected by regulatory changes such as Texas Senate Bill 6, miners like Core Scientific and Riot Platforms are shifting toward artificial intelligence and high-performance computing. This departure from Bitcoin has intensified selling pressure. On April 16, Bitcoin’s price broke above $68,000 The market remains at 100% bullish sentiment, but the scale of miner liquidations signals potential volatility.
Trading volumes in these markets remain low, with little activity even when combining the 24-hour USDC value and actual trading volume. Insufficient liquidity means that even small trades can cause significant price fluctuations, especially in submarkets with lower trading volumes.
This record liquidation marks a shift in miners' strategies and their cautious stance toward Bitcoin's short-term price. If Bitcoin reaches $60,000 and the outcome is "yes," miners stand to gain a potential profit of 20 cents.5xReturns. Traders should weigh the possibility of continued macroeconomic pressure against any signs of stabilization.
Closely monitor announcements from major mining companies regarding further asset sales or strategic adjustments. Statements by Michael Saylor or policy changes by Jerome Powell may also impact market sentiment.
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