Satoshi-Era Miners Cut Bitcoin Sales by 98% Amid Price Surge

In early 2025, Bitcoin miners, particularly those from the Satoshi era, significantly reduced their sales of Bitcoin (BTC), selling only 150 BTC. This is a stark contrast to the nearly 10,000 BTC they sold in the previous year. This shift in behavior is notable as it coincides with Bitcoin reaching new all-time highs, surpassing $107,000.

This decision to curb sales in 2025 is unprecedented, especially when compared to 2024, when these miners offloaded a substantial amount of BTC. These early miners, who have been key participants since Bitcoin's inception, have chosen to maintain their holdings, defying past trends where they sold coins following price rallies. Their decision to hold onto their BTC complements market stability, underscoring a strategic hold approach.

The market has witnessed added stability as a result, significantly reducing volatility during price oscillations and inviting greater confidence from institutional and retail investors. This shift does not appear to affect altcoins or Layer-1 assets directly. While past bull cycles saw significant Bitcoin releases by these miners, 2025 sets a precedent with restrained sales. This tactic emphasizes a potential long-term bullish stance and mitigates abrupt market fluctuations traditionally linked with high sales volume periods.

Regulatory bodies and major market leaders have not released statements concerning Satoshi-era miners. However, on-chain data indicates that miner reserves have climbed, reflecting a strategic decision to accumulate rather than distribute BTC, aligning with market maturity trends. This trend suggests that miners are increasingly confident in the long-term value of Bitcoin, choosing to hold onto their assets rather than sell them during periods of high market activity.