Bitcoin enthusiasts might want to brace themselves. The cryptocurrency giant, which recently enjoyed a robust price resurgence, is now facing potential turbulence. As of late June 2025, looming sell-side pressure from miners and long-term holders signals a possible downturn. If these trends persist, Bitcoin may slip below the significant $105,000 mark.
Mounting Pressure from Miners
Miners, the backbone of the Bitcoin network, are reportedly offloading their holdings more aggressively than usual. Typically, these players balance between liquidating enough to cover operational costs and holding onto their stash for future gains. However, with energy costs soaring and the recent difficulty adjustments making mining less profitable, many are opting to sell more of their Bitcoin holdings. According to John Carmichael, a senior analyst at CryptoQuant, “Miners appear to be cashing in on the recent price highs, possibly anticipating a downturn. This increased sell pressure is certainly a factor to watch.”
This isn’t just about individual miners either. Mining pools—where multiple miners combine resources—are also liquidating substantial quantities of Bitcoin. This collective movement adds to the supply glut, raising concerns over the cryptocurrency’s immediate future. With more Bitcoin entering the market, demand must rise accordingly to maintain or elevate prices. But here’s the catch: demand isn’t keeping up. As explored in Bitcoin Demand is Drying Up, What Does This Mean?, the waning interest from buyers is a critical issue that could exacerbate the current situation.
Demand Signals Are Faltering
The demand side of the equation isn’t painting a rosy picture either. Retail investors, who often drive price surges, seem to be adopting a wait-and-see approach. A mixture of market fatigue and apprehension over regulatory changes in key markets like the U.S. and Europe is contributing to this hesitation. Additionally, institutional interest, which has buoyed Bitcoin in recent years, appears to be cooling. “We’re seeing a slowdown in institutional inflows,” notes Clara Wu, a blockchain consultant at Delphi Digital. “While some funds are still trickling in, it’s nowhere near the levels we witnessed during the 2021 bull run.”
Moreover, recent economic indicators suggest a tightening of monetary policy in major economies. A stronger dollar often translates to weaker performance for risk assets, including Bitcoin. As central banks across the globe hint at interest rate hikes, risk-averse investors might shy away from volatile assets, compounding Bitcoin’s challenges. For further insights, see our analysis on 3 reasons why Bitcoin price could fall below $100,000.
Historical Patterns and Trends
Looking back, Bitcoin has weathered similar storms. In 2021, the price dipped sharply following a period of aggressive buying and selling, only to rebound as new narratives and technologies—like the introduction of Ethereum 2.0 and decentralized finance (DeFi) platforms—spurred renewed interest. Yet, history doesn’t always repeat itself in predictable ways. The current situation, marked by a confluence of miner sell-offs and tepid demand, presents unique challenges.
Crypto market veteran, Elena Roberts, suggests that “while Bitcoin has demonstrated resilience, the current market dynamics require a new catalyst for upward momentum. Without it, the road back to previous highs might be longer than many anticipate.”
Looking Ahead
As June 2025 draws to a close, the question on everyone’s mind is: where does Bitcoin go from here? The path forward isn’t crystal clear. While sell-side pressure and stagnant demand could push prices below $105,000, the inherent volatility of cryptocurrencies means surprises are always around the corner. Any positive regulatory developments, technological advancements, or renewed interest from institutional players could quickly alter the landscape.
For now, investors and market watchers alike will need to navigate these uncertain waters with a blend of caution and curiosity. Bitcoin’s future, as always, remains an open question—one that continues to captivate and challenge those who dare to speculate on its outcome.
Source
This article is based on: Why Bitcoin Price Might Drop Below $105,000 in the Coming Days
Further Reading
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Steve Gregory is a lawyer in the United States who specializes in licensing for cryptocurrency companies and products. Steve began his career as an attorney in 2015 but made the switch to working in cryptocurrency full time shortly after joining the original team at Gemini Trust Company, an early cryptocurrency exchange based in New York City. Steve then joined CEX.io and was able to launch their regulated US-based cryptocurrency. Steve then went on to become the CEO at currency.com when he ran for four years and was able to lead currency.com to being fully acquired in 2025.
