Bitcoin could face selling pressure in August 2025 due to a combination of market dynamics, macroeconomic factors, and technical indicators. Long-term holders (LTHs) have historically sold portions of their Bitcoin holdings when prices reach significant milestones. In July 2025, LTHs sold approximately 52,000 BTC as the price hit $118,000, signaling profit-taking after a strong rally.
This trend often intensifies near all-time highs, as seen previously when Bitcoin crossed $100,000, and could continue into August if prices approach or exceed recent peaks like $122,054. Bitcoin miners, who accumulated assets earlier in July 2025, began selling to lock in profits as prices peaked at $122,054. Data from CryptoQuant indicates a 0.05% rise in miner reserves between July 1 and July 22, followed by sales that added to selling pressure.
If miners continue this trend in August, it could cap price gains, especially if institutional demand doesn’t fully offset the sell-off. Recent U.S. tariffs (10–41% on select imports) announced in early 2025 have strengthened the U.S. dollar, reducing Bitcoin’s appeal as a risk asset. Geopolitical tensions, such as the Israel-Iran conflict, have also triggered risk-off sentiment, leading to liquidations and volatility. These macro factors could persist into August, prompting investors to exit high-risk positions like Bitcoin.
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Technical analysis shows bearish signals on shorter timeframes. The MACD histogram at -630 and a narrowing 7-day price range (3.2% volatility) suggest a potential breakout, possibly downward, if Bitcoin fails to hold key support at $116,240. A break below this level could lead to liquidations targeting $110,000, amplifying selling pressure. Additionally, the 50-day moving average is falling on the four-hour chart, indicating a weakening short-term trend.
Bitcoin ETF inflows dropped significantly in July 2025, with Glassnode reporting an 80% decline to $496 million. This reduction in institutional buying, coupled with outflows from major ETFs like BlackRock (4,873 BTC in April), could fail to absorb selling pressure from miners and LTHs, especially if macro uncertainty deters new capital inflows.
Substantial transfers from large holders, such as Galaxy Digital moving $1.5 billion in Bitcoin to exchanges in July 2025, have fueled concerns about sell-side pressure. Similar large-scale sales could emerge in August, particularly if leveraged traders face squeezes, as seen in recent liquidations of over $700 million.
Negative media coverage or “Fear, Uncertainty, and Doubt” (FUD) can exacerbate selling pressure. Historical patterns show that media declaring Bitcoin’s decline often triggers panic selling. With Bitcoin near recent highs, any negative news could prompt retail investors to sell, especially given the Fear & Greed Index at 65–72, indicating greed that may precede a correction.
Despite these pressures, institutional demand (e.g., MicroStrategy’s $4.2 billion BTC acquisition plan) and potential Federal Reserve rate cuts (60% odds by October 2025) could mitigate downside risks. However, the balance between selling pressure from miners and LTHs versus institutional inflows will be critical in determining Bitcoin’s price trajectory in August.
Selling from Bitcoin miners has significantly decreased. On-chain analytics from CryptoQuant and Alphractal indicate that miner outflows have dropped to their lowest levels since 2024, with miners holding onto their rewards rather than selling, suggesting confidence in future price increases. For instance, miner withdrawals fell by 85% from a peak of 53,000 BTC on April 10, 2024, to around 8,000 by June 27, 2024.
This reduction is seen as a bullish signal, potentially setting the stage for price stabilization or an upward rally. Despite the decline in miner selling, other factors contribute to ongoing pressure. Reports from Glassnode and CryptoQuant highlight that long-term holders and institutional wallets have been selling, particularly after Bitcoin’s peak of $109,000 in January 2025. Short-term holders who bought at high prices (around $91,362) are also offloading, contributing to a correction that could see Bitcoin test support levels.
Bitcoin’s potential selling pressure in August 2025 stems from profit-taking by long-term holders and miners, macroeconomic headwinds, technical bearish signals, reduced ETF inflows, large holder sales, and volatile market sentiment. Investors should monitor support levels ($116,240–$114,500) and macro developments closely.