60K BTC Absorbed But Miners Sell: Can BTC’s Rally Continue?

Bitcoin’s (BTC) early-January rally is unfolding in opposition to a blended on-chain knowledge backdrop, the place robust accumulation demand is colliding with renewed miner distribution. 

Key takeaways:

• Bitcoin accumulator addresses added roughly 60,000 BTC in six days, ending a multi-month consolidation section.

• Miners despatched about 33,000 BTC to exchanges in early January, signaling decreased long-term holding.

• The broader market influence hinges on whether or not spot demand can constantly take in recent sell-side provide.

Bitcoin accumulator addresses step in as value rises

CryptoQuant knowledge noted Bitcoin accumulator addresses rising their holdings to 310,000 BTC from about 249,000 BTC throughout the first six days of January. This marks a decisive shift after a consolidation interval from September to December 2025, when holdings fluctuated from 200,000 to 230,000 BTC. 

The timing is notable. Accumulation has accelerated alongside Bitcoin’s rebound towards the low-$90,000 vary, suggesting that long-term members are keen to soak up accessible provide somewhat than watch for deeper pullbacks.

Miners scale back publicity: Can it stall the rally?

On the identical time, the Bitcoin community noticed about 33,000 BTC transfer from miner wallets to Binance within the first six days of 2026, a comparatively excessive determine in comparison with typical miner flows. 

In accordance with a QuickTake put up on CryptoQuant, this habits suggests miners are opting to de-risk after the latest value advance, a sample that usually emerges in periods of post-rally uncertainty.

Nonetheless, such promoting strain from miners alone doesn’t mechanically indicate a pointy correction. The decisive issue is whether or not offsetting demand stays robust sufficient to soak up this provide with out forcing costs decrease.

Related: Bitcoin liquidation data points to ‘absurd’ potential rally to $100K: Analyst

BTC internet taker move, sentiment trace at stabilization

Market data leans towards a gradual restoration. Binance’s seven-day internet taker move sentiment recorded heavy internet promoting in November, averaging $2.3 billion per day, coinciding with Bitcoin’s drop towards $84,000. December marked a transition section and by late 2025, promoting strain pale. January has now recorded seven consecutive days of gentle however constant internet shopping for, averaging $410 million.

Whereas shopping for strain stays modest, it’s important after a sell-dominated interval. This shift aligns with the Bitcoin Unified Sentiment Index returning to impartial territory for the primary time since November, signaling that worry has eased even when optimism stays restrained, in response to Bitcoin Researcher Axel Adler Jr. 

These indicators counsel Bitcoin’s rally might not be overheating, however its sustainability depends upon whether or not regular accumulation continues to offset miner distribution within the weeks forward.

Related: Bitcoin ETFs come into year ‘like a lion’: 600% surge at current pace

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