Bitcoin Faces Miner Sell-Off Amid Price Rejection; Over $300 Million in Token Unlocks Expected
Bitcoin Faces Miner Sell-Off Amid Price Rejection; Over $300 Million in Token Unlocks Expected
Recent market movements show Bitcoin facing a significant rejection at the $115,000 level, leading miners to offload $172 million in BTC and raising short-term uncertainty.
Concurrently, the broader crypto market is bracing for increased volatility with over $312 million in new token unlocks scheduled for the first week of November 2025, involving projects like Ethena and Movement, which could impact the overall crypto landscape.
Bitcoin’s rejection at $115,000 has prompted miners to offload $172 million in BTC, replacing long-term holders as key sellers and heightening short-term market uncertainty.
More than $312 million in new tokens hit the market this week as Ethena, Memecoin, and Movement lead November’s major unlocks—events that could heighten volatility across the crypto landscape.