Bitcoin Miners’ Strategic Sell-Off Precedes Record Price Surge

In April 2025, Bitcoin miners executed a historic sell-off, liquidating 115% of their production—the highest ratio since the 2022 bear market. This strategic move preceded May’s explosive rally to a new all-time high of $109,000, highlighting miners’ role as savvy market actors. Despite BTC’s price breakthrough, miner profitability metrics like hashprice ($55/PH/s) remain below December 2024’s peak ($63/PH/s), suggesting underlying network dynamics may be shifting. As of May 22, 2025, BTC trades at $108,362.61, demonstrating resilience after these developments.

Bitcoin Miners Liquidated Record BTC Reserves Ahead of Price Rally

Bitcoin miners offloaded a historic volume of BTC reserves in April, selling 115% of their production—the highest ratio since the 2022 bear market. The sell-off preceded May’s surge to a new all-time high of $109,000, yet miner profitability metrics remain subdued.

Hashprice—mining revenue per unit of computational power—lags at $55/PH/s, below December’s $63/PH/s peak despite BTC’s price breakout. Network difficulty and depressed transaction fees continue squeezing margins, forcing operators to monetize holdings even as the market rallies.

Texas Approves Bitcoin Reserve Bill, Paving Way for State-Managed Crypto Holdings

Texas stands poised to become the third U.S. state to institutionalize Bitcoin adoption after its House of Representatives passed the Strategic Bitcoin Reserve and Investment Act (SB 21) with a decisive 101-42 vote. The bill now awaits Governor Greg Abbott’s signature to enact a framework for state-level cryptocurrency treasury management.

SB 21 empowers the state comptroller to allocate funds into bitcoin and select large-cap cryptocurrencies—though only BTC currently meets the $500 billion market capitalization threshold stipulated in the legislation. The initiative includes provisions for establishing a formal Bitcoin reserve, marking a strategic diversification of Texas’ financial assets.

Sponsors Senator Charles Schwertner and Representative Giovanni Capriglione position the MOVE as a forward-looking measure to cement Texas’ leadership in digital asset innovation. The development signals growing institutional recognition of cryptocurrency as a treasury reserve asset among state governments.

South Korea Tightens Crypto Rules Ahead of Pro-Crypto Presidential Election

South Korea is tightening anti-money laundering (AML) and know-your-customer (KYC) regulations for cryptocurrencies while simultaneously preparing to ease restrictions on institutional investment in digital assets. This dual approach arrives as the country nears a pivotal presidential election where all major candidates advocate for expanded crypto opportunities, including Bitcoin ETFs and domestic stablecoins.

The Financial Services Commission (FSC) will enforce a new framework by June 2025, allowing registered exchanges and select non-profits to sell crypto assets. The measures aim to balance market growth with risk mitigation as institutional participation accelerates.

Bitcoin (BTC) Surges to New Heights Amid Strong Market Demand

Bitcoin continues its upward trajectory, reaching new highs fueled by robust market demand and structural resilience. The cryptocurrency has demonstrated remarkable strength, steadily climbing since recovering from a low of $92,000 in late April, according to Bitfinex Alpha.

The recent price surge is characterized by significant spot market activity, with robust breakouts following brief consolidation phases. This pattern suggests solid underlying demand from genuine buyers rather than Leveraged traders. The cumulative volume delta (CVD) on major exchanges reflects a healthy accumulation phase, underscoring the market’s confidence in Bitcoin’s long-term value.

New Historical Record For Bitcoin At 109,000 Dollars

Bitcoin surged to an unprecedented all-time high of $109,000, fueled by renewed investor Optimism and a temporary trade agreement between the United States and China. The White House’s decision to reduce tariffs to 10% for 90 days provided a stabilizing geopolitical backdrop, reinforcing Bitcoin’s maturation as a resilient risk asset.

Analysts now anticipate further gains, with a potential breakthrough above $110,000 in the coming week. This milestone underscores cryptocurrency’s growing prominence in an evolving financial landscape, where digital assets increasingly serve as a hedge against macroeconomic uncertainty.