Miners Sell More BTC After Halving Than Ever Before

Bitcoin's price has climbed to around $76,380 in late August 2026, a 30 percent increase from its June 7 floor of $58,300. This trend is supported by accumulation data, which suggests that current prices are likely holding strong. However, some traders believe the halving event creates a supply shock, with miners selling less BTC after the event.

This myth is debunked by Glassnode's data, which shows that illiquid supply reached 14.3 million BTC in late August, accounting for 72 percent of circulating coins. Miners actually sell more BTC in the year following the halving than at any other point in the cycle.

In fact, during the first halving cycle, miner holdings dropped by 4,458,603 BTC in the year after the event. The current period's earlier peak contradicts the traditional four-year pattern and has led some to treat the halving as a single day. However, this is inaccurate, as the event occurs at a specific block height, such as block 840,000.