Bitcoin Miners Offload 33,000 BTC in First 6 Days of January Amid Weak Demand
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 08 2026- Weak Demand: Bitcoin's apparent demand remains relatively weak above $93,000, causing its price to drop to $91,190 at the time of observation, reflecting a lack of sufficient buying power that could impact future price movements.
- Miner Sell-off: Bitcoin miners offloaded 33,000 BTC to Binance in the past six days, despite rising market prices, indicating a lack of confidence in future price trends and potentially increasing selling pressure in the market.
- Whale Behavior: Demand from whale accounts has shown weakness during the recent price rally, even though they previously accumulated BTC near recent lows, suggesting a lack of market confidence that could lead to another price decline.
- Market Uncertainty: Rising geopolitical tensions are increasing uncertainty for risk-on assets, which may further suppress Bitcoin demand, making it difficult for the cryptocurrency to break through the $100,000 target.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
