Bitcoin network difficulty reached 136.04 trillion on Sept. 4, while dollar hashprice slipped to about $52 per petahash per day this week. Per Hashrate Index, the last adjustment set a new high for difficulty, and the forward market now prices an average hashprice near $49.17 per PH per day for the next six months.

The squeeze leaves miners deciding whether to sell inventories, consolidate operations, or pursue high-performance computing revenue tied to artificial intelligence.

The production backdrop is firm. The seven-day average hashrate sits near one zettahash per second, while transaction fees contribute a little over 1% of block rewards on recent averages.

That mix compresses gross margins at the same time retail power prices and wholesale data center rents trend higher. Global colocation pricing averaged $217.30 per kilowatt per month in the first quarter, with tight supply in major hubs, per CBRE’s Global Data Center Trends 2025.

Strategic optionality is widening as compute demand reorders the power stack.

CoreWeave agreed to acquire Core Scientific earlier this year in an all-stock transaction that implies roughly $9 billion of equity value. The acquisition would consolidate about 1.3 gigawatts of installed capacity with more expansion potential.

In its deal materials, the buyer outlined lease efficiency gains and operating synergies by 2027, while the transaction is part of the broader AI buildout competing for grid access across North America. The direction of travel is clear: AI workloads are now a core alternative for power and land that previously skewed toward proof of work.

Public market signaling has also shifted with the debut of American Bitcoin Corp. The company began trading on Nasdaq as ABTC after completing a merger with Gryphon Digital Mining. Corporate filings detail a controlled structure after the combination, with former American Bitcoin holders owning about 98% of the combined company on a fully diluted basis.

The model emphasizes accumulation alongside self-mining, creating another lever for treasury strategies that may dampen or amplify market sales depending on spreads between mining cost, spot price, and financing terms.

Power constraints and policy continue to set near-term supply behavior.

In Texas, miners commonly curtail during the Four Coincident Peak season to manage costs and capture credits, a pattern reflected in Riot Platforms’ June operating update. Curtailments can lift hashprice temporarily and shift revenue timing, but they also illustrate why forward hedging has become standard. Luxor’s market shows an actively traded curve with mid-market quotes published on the Hashrate Forward Curve.

Against this backdrop, break-even math is simple but unforgiving. Using representative efficiency bands and current economics, the ranges below illustrate approximate breakeven power prices, expressed in cents per kilowatt hour, at a $53 per PH per day hashprice and nominal pool fees.

The inputs reference published specifications for the Antminer S21 and WhatsMiner M60S, along with incremental firmware gains evidenced by LuxOS testing.

These thresholds imply that fleets paying above single-digit power rates will feel pressure if hashprice tracks the forward average. That pushes treasurers toward hedges on the hashrate curve, deeper curtailment during high-priced hours, and non-mining revenue.

The last category includes AI colocation and managed GPU services, where contracted rents are quoted per megawatt per year and often load follows compute.

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Recent contracts frame the revenue step change.

TeraWulf disclosed more than $3.7 billion of expected hosting revenue under multi-year agreements, with public reporting estimating an annualized take rate near $1.85 million per megawatt on the initial tranche.

The comparison below uses those public figures and CBRE’s rent benchmarks to show the order of magnitude gap between mature AI colocation and current mining cash generation per power unit at prevailing hashprice.

The delta does not automatically mean every miner should pivot.

Retrofits require capex, liquid cooling, and higher-density racks, which can saturate existing transformers, and contractual take-or-pay obligations can limit near-term flexibility.

Still, the combination of tight colocation supply and announced consolidation, such as CoreWeave’s deal, will likely keep AI rents firm through year-end, which factors into treasury choices whenever bitcoin’s fee share remains low.

Miners able to monetize demand response programs, like the ERCOT 4CP framework, and tune fleets with efficiency firmware can widen their breakeven bands without selling coins.

Case studies illustrate the choice set. Iris Energy continues to expand GPU capacity and cloud revenue alongside self-mining, using a dual track that stabilizes cash flows against hashprice volatility. 

American Bitcoin presents a treasury-led approach combining on-balance sheet accumulation with mining, with control details and share counts in the SEC filing. Those paths sit alongside pure play hosting that captures AI demand and infrastructure premiums.

The near-term market question is whether balance sheets become a supply source by year-end. If hashprice follows the forward curve and fees remain near current prints, miners above the single-digit cost bands are more likely to raise cash by selling coins or locking in forward sales of hashrate.

If AI colocation ramps up on previously announced contracts, some of that selling could be offset by compute reallocation and hedges already layered in at summer premiums.

The balance of those forces will determine how much miner supply reaches exchanges during the fourth quarter.

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Ethereum is staring down one of its most significant supply risks as more than 1 million ETH, valued at $5 billion, lines up for withdrawal from staking. The unprecedented exit queue has ignited debate over whether the network could face a wave of selling pressure or if the movement marks a rotation of capital within the Ethereum ecosystem.

Ethereum Sees Record Validator Exodus 

Ethereum faces what analysts describe as the largest validator exit events in its Proof of Stake (PoS) history. Blockchain data from ValidatorQueue shows more than 1 million Ether, worth roughly $5 billion, awaiting withdrawal. Notably, validators, who play a central role in securing the network by adding new blocks and verifying transactions, have lined up to withdraw their tokens. This surge in exits has pushed the waiting period to a record of 18 days, as of writing. 

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Etherscan also reports that on August 20, Ethereum’s validator exit queue surged past 916,000 ETH, the highest level in over a year. That figure ballooned to more than 1 million in less than two weeks, highlighting the rapid acceleration of withdrawals. At the same time, however, Ethereum’s entry queue also expanded—rising from just 150,000 ETH to over 580,000 ETH—creating a net staking increase of about 200,000 ETH in the past week. 

The timing of this upcoming withdrawal coincides with Ethereum’s significant price growth, which has seen the cryptocurrency gain more than 72% over the past few months. A substantial share of this pending Ether could be sold as stakers lock in profit after a rally. Moreover, if a large fraction of the $5 billion supply is unloaded on the open market, ETH could experience a sharp wave of sell pressure. 

However, while headline figures appear alarming, analysts caution against assuming that all withdrawn Ether will be dumped. Crypto market expert Joe Swanson notes that institutional buyers and Ethereum ETFs have been absorbing substantial amounts of ETH, thereby cushioning the potential downside. He argues that although the exit queue suggests short-term turbulence, the cryptocurrency’s long-term trajectory remains bullish, with projections still targeting levels above $5,000. 

Exits Signal ETH Market Rotation, Not Abandonment

ValidatorQueue’s data highlights that while the exit queue surpasses 1 million, the entry queue sits above 726,000. This implies a net staking outflow of over 320,000 ETH, indicating a possible rotation of capital rather than wholesale abandonment. 

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Supporting this, crypto expert Minal Thukral stressed on X that the spike in the ETH validator queue should not be misinterpreted as a crisis. Thukral noted that Ethereum’s protocol is designed to intentionally rate-limit exits to ensure network stability, meaning congestion may not be the issue. 

According to the analyst, validator exits are better understood as capital rotations. He explained that large stakers are likely reallocating funds into liquid staking services, restating, or adjusting positions in anticipation of ETFs. At the same time, demand to enter the staking queue remains strong. This interplay between exits and entries paints a picture of a maturing market, with the real question being where the withdrawn ETH will flow next.

Featured image from Pixabay, chart from Tradingview.com

Crypto markets are a bit like a rollercoaster operated by a teenager. Wild drops? Oh, they happen. And knowing how to short sell on crypto might be your answer when those dips come rolling in. 

This guide will walk you through the basics: how to short sell crypto, what to watch out for, and some classic examples to make it all sink in.

Short selling is a strategy to make some profits in the bearish crypto market.

Picture this: you’re absolutely certain that Bitcoin’s price is about to fall. That’s the spirit of short selling crypto — it’s betting against an asset, with hopes that the price will tank, so you can make a profit.

In traditional markets, short selling typically involves borrowing an asset, selling it at a high price, and then buying it back at a lower price to pocket the difference. But, as explained in this article on short selling in stocks and this one for Forex, there’s an easier way to short without actually owning the asset — using CFDs (Contracts for Difference). The same method applies to short selling crypto, where you can simply bet on the price drop without needing to handle the asset directly.

There’s nothing wrong with hodling (“Hold on for Dear Life” strategy popular among crypto traders), but short selling lets you play both sides of the market. 

While the classic strategy is to buy and hold, there’s a huge advantage in having a way to profit when the market takes a dip. 

• Hedge Against Losses: If you’re holding a bunch of Bitcoin but worried about a crash, you can use short selling to offset potential losses.
• Profit During Downturns: Everyone else is panicking and selling off their crypto — meanwhile, you’re profiting from the market’s woes.
• Fast-Moving Opportunities: Crypto markets move fast, and short selling lets you take advantage of quick downturns without having to cash out your long-term holdings.

Let’s get into the nuts and bolts of how to short sell crypto.

1. Pick a cryptocurrency that you think is going to decrease in price soon.

2. Analyze the chart with your favorite indicators for crypto.

3. Choose the amount you’d like to invest in this trade (in pips). Don’t forget to set the Stop-Loss!

4. Open a trade at the current price.

5. Close the deal if your prediction was correct, and the asset price went down.

And voila, you’re a short seller. Just don’t get too attached to the “betting against” mindset; it’s a tool, not a lifestyle.

1. Follow the hype

Crypto doesn’t follow regular market patterns; prices are often driven by hype, news, and FOMO (fear of missing out). A sudden Tweet or news item can turn the market on its head, so make sure to subscribe to some crypto news portals and follow the headlines in our Newsfeed.

2. Use the right indicators to spot bearish conditions

Use these indicators as your reliable GPS signals in a land of random crypto price swings. 

Moving Averages — Spotting Trend

The grandparent of all indicators, a Moving Average (MA) smooths out all the daily price wiggles, letting you see the bigger trend. 

• If your MA is trending upwards, the asset is likely in an uptrend. 
• If it’s pointing downwards, it’s time to short sell. 

This indicator helps you cut through the noise and spot the overall direction of a crypto’s price.

MACD — Trend Reversals

The MACD helps you spot shifts in momentum and trend changes. 

MACD uses two moving averages and a “signal line” to give you clear buy or sell signals. When these lines cross, it’s time to pay attention because it might be a good moment to make a move:

• A downtrend is expected when the fast (blue) line turns up and crosses below the slow (red) line.
• An uptrend is expected when the fast (blue) line turns up and crosses above the slow (red) line.

RSI — Reality Check

If you’re new to crypto trading, RSI is as simple as it gets, yet it tells you when a price is probably a bit out of line with reality. It’s all about helping you identify when the price might have stretched too far in one direction.

• An RSI score of 70 or above? The asset might be overbought, and the trend might reverse to bearish soon.
• Under 30? It might be oversold, returning the trend to the bullish phase.

The good thing about RSI is that it can give you both entry and exit signals, helping you cap your profits before the trend goes up again.

Let’s see how it works in action. 

In the example below, we opened a trade on Dogecoin-PerpFuture asset. 

Here’s a breakdown of the action:

1. Trend Check: Doge was climbing steadily — a strong uptrend was detected.
2. MACD Analysis: We saw a trend reversal signal from MACD as the blue line crossed the red from below, signaling a potential shift.
3. Entry: We set our test investment (2000 pips), configured risk management, and hit “Lower,” anticipating a bearish turn.
4. Exit: As the market began to flatten, we closed the trade with a profit.

Short selling is risky, and in the volatile world of crypto, that risk is amplified. Here are some things to keep in mind:

1. Leverage is a Double-Edged Sword: Many platforms offer leverage, which can multiply your gains, but it can also magnify losses. Crypto prices are volatile, and one wrong move with leverage could cost you.
2. Market Mania: Crypto doesn’t follow regular market patterns; prices are often driven by hype, influencers’ moves, etc. You need to develop a very specific crypto trader’s brain to feel comfortable trading digital assets.
3. Fees and Interest: Shorting crypto can come with interest rates or fees, especially if you’re using a CFD or margin trading. Make sure you know what those costs are before diving in.

Final thoughts

Short selling crypto can be a smart way to navigate the crazy ups and downs of this market. Just remember to treat it like any powerful tool — with caution. Start small, keep an eye on the trends, use relevant indicators, and always use stop-loss orders. 

The broad cryptocurrency market is experiencing an insane bloodbath as prices of leading cryptocurrencies suddenly flip negative. Amid this sharp downtrend, Bitcoin has seen an aggressive increase in sell activities on August 14, according to data shared by a CryptoQuant analyst.

Per the data provided, Bitcoin’s taker sell volume across crypto exchanges has surged significantly, hitting a massive $3.13 billion in just one hour.

Bitcoin falls below $118,000

Although the reason behind the sudden flip in market sentiment remains unclear, the dramatic price downturn has shaken market confidence as momentum appears to be broken.

While Bitcoin had started the day on a positive note with its price showing notable daily gains, the sudden shift in market sentiment has seen traders dramatically open streaks of sell orders.

Following the sudden flip in price action, Bitcoin saw its price fall as low as $117,698 after recording a notable intraday high of $124,210 on the same day.

The significant drop in Bitcoin’s price over the last few hours coincides with Bitcoin’s taker volume exploding to multiple billions in minutes. The rapid shift in activity is unusual, as sudden surges in sell activities like this have been rarely recorded in Bitcoin’s trading history.

Although the reason behind the sudden flip in market sentiment remains unclear, the dramatic price downturn has shaken market confidence as momentum appears to be broken.

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Amid the notable Bitcoin sell-side pressure, the leading cryptocurrency by market capitalization has seen its trading volume surge notably by 29.61% over the last 24 hours. This suggests that the market has been dominated by retail and institutional sellers.

Notably, the downtrend in Bitcoin’s price is currently on pause as data from CoinMarketCap shows that it has remained steady around $117,968 for the past few hours until press time. Meanwhile, Bitcoin showed a price decline of 3.06% over the last day.

While the surge in Bitcoin’s sell volume was preceded by a notable price rally that saw the asset record massive intraday gains in the past days, the attempts to sell off Bitcoin holdings experienced today suggest traders are taking decisive actions to lock in profits achieved during the recent market rally.

Nonetheless, market watchers have expressed optimism for a potential rebound in the prices of leading cryptocurrencies like Bitcoin, Ethereum, and other altcoins. However, investors fear that the asset’s price might plunge harder if the ongoing selling pressure continues to outweigh demand for BTC, delaying the possibility of a new all-time high soon.

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Simon Chandler

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Simon Chandler

About Author

Simon Chandler is a Brighton-based writer and journalist with over ten years of experience writing about crypto, technology, politics and culture. He has written for Cryptonews.com since late 2017,…

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August 7, 2025

The Ethereum price has surged to $3,819 in the past 24 hours, outpacing Bitcoin with a sharp 5% surge that signals renewed strength in the altcoin market.

Despite a minor dip over the past week, ETH is now 49% higher than it was a month ago, as institutional and corporate buyers continue to pile in.

Today’s rally has absorbed more than $400 million in sell pressure from the previous day, and ETH is now eyeing a breakout above key resistance.

If that level gives way, the stage could be set for new all-time highs, with the long-term Ethereum price prediction looking more bullish than ever.

Ethereum Price Prediction: $419M in Sell Pressure Hits ETH – Is The Bull Market Over?

Alarm bells sounded yesterday when analyst J.A. Maartunn posted a tweet warning of a “dump alert,” based on data which showed the net taker volume for Ethereum futures was negative.

In fact, the net taker volume was -$418 million, which is the “2nd largest daily sell-side imbalance ever,” according to Maartunn.

In theory, what the net taker metric indicates is the balance between buy and sell volumes, with a negative reading – as above – signalling a preponderance of selling.

Such a preponderance should indicate bearish sentiment, yet what’s interesting here is that Ethereum’s net taker volume has been hugely negative for pretty much the entire year.

This includes during the bull run that followed Donald Trump’s victory in November’s election, and during its run of the past couple of weeks.

This is perhaps counterintuitive, so it may be tempting to ignore the metric, or to jump to the conclusion that there’s something unstable or unpredictable about the current bull market.

Other metrics indicate that we’re currently in a very bullish period for Ethereum, with its chart today showing renewed momentum, after a lull several days ago.

For instance, its RSI (yellow) is shooting back towards 70 after dropping below 30 at the start of this month.

Something similar applies to its MACD (orange, blue), while we also see that its price has just broken out of a descending channel.

As such, it’s now close to a big breakout, one which could propel it back above $4,000 and then towards $5,000, despite the negative taker volumes.

Layer-Two Network Bitcoin Hyper Raises $7.4 Million in Presale: Could It 100x After Listing?

Ethereum continues to be one of the strongest coins in the market, yet the coming months are also likely to see other, newer tokens outperforming averages.

This includes several promising presale coins, with possibly the most interesting on a fundamental level being Bitcoin Hyper (HYPER), an L2 project.

Bitcoin Hyper has raised a hugely impressive $7.4 million in its ongoing presale, making it one of the biggest ICOs of 2025.

This is a testament to the confidence the new project is inspiring, which stems from its plans to launch a layer-two network for Bitcoin (BTC).

By using zero-knowledge proofs and Solana’s Virtual Machine, Bitcoin Hyper’s L2 will offer superior speed, scalability, security and privacy.

It promises to tap into Bitcoin’s enormous value for DeFi and trading purposes, with BTC holders able to deposit their funds and receive an equivalent amount of HYPER to spend within the L2’s ecosystem.

HYPER will have a max supply of 21 billion tokens, with holders also able to stake the coin, earning themselves a regular income on top of any price increases.

Given its functionality, and given that Bitcoin lacks a smart contract-oriented L2, Bitcoin Hyper could be one of the biggest success stories of 2025.

Investors can join its presale at the Bitcoin Hyper website, where HYPER currently costs $0.01255.

This will continue to rise for the duration of the sale, so newcomers should act quickly.

Click Here to Participate in the Presale

Chinese investors are reportedly hawking gold and appear to be pivoting into local equities.

New data from Bloomberg indicates China’s four major onshore gold-backed exchange-traded funds (ETFs) witnessed combined net outflows of about 3.2 billion yuan (worth nearly $450 million) so far this month.

Steve Zhou, an analyst at Huaan Fund Management Co., tells Bloomberg that local Chinese retail investors are taking profits in gold and chasing upside in local equities.

The CSI 300 Index, which aims to replicate the performance of the top 300 stocks traded on the Shanghai Stock Exchange and the Shenzhen Stock Exchange, is up nearly 5.5% in the past month.

Conversely, however, the Chinese government has reportedly been covertly buying much more gold than what public numbers disclose.

Joseph Cavatoni, market strategist at the World Gold Council, tells MarketWatch that there is debate over whether the People’s Bank of China’s (PBOC) reported purchases fully capture its activity.

Jan Nieuwenhuijs, an analyst at Money Metals, says the Chinese central bank’s gold holdings are likely more than double what is officially reported.

Nieuwenhuijs claims the PBOC held 5,065 metric tons of gold in its reserve at the end of 2024, compared to its reported holdings of 2,280 metric tons.

The latest data from the World Gold Council indicates the Chinese government holds 2,296 tons of gold.

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Companies and non-sovereign issuers in the Asia-Pacific region have been hawking bonds at a record rate as investors look to move away from US dollar assets, according to a new Bloomberg report.

Non-sovereign issuers are non-federal bond issuers like local and regional governments and public agencies.

Bloomberg reports that Asia-Pacific companies and non-sovereign issuers have sold $1.5 trillion in local-currency bonds year-to-date, a record in that time frame. The sales represent a 6% increase.

Daniel Tan, a portfolio manager for global emerging markets at Grasshopper Asset Management, tells Bloomberg the number of bond buyers has surged in the second quarter of the year. 

“We are definitely seeing more buyers of local-currency Asian bonds than in pre-April. There are large inflows from pension and sovereign wealth funds looking to diversify away from US dollar assets.”

US President Donald Trump kicked off his wave of tariffs in April, spurring macroeconomic uncertainty.

Angus Hui, the deputy chief investment officer at the Singapore-based investment firm Fullerton Fund Management, tells Bloomberg that “diversification into broader Asian local currency markets is likely to accelerate.”

The Bloomberg Asia-Pacific Aggregate index, a multi-currency benchmark based on Asia-Pacific investment-grade bonds, has beaten the US-based bond metric, gaining 3.9% year-to-date compared to 3.5%, respectively.

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Bitcoin remains in a tight consolidation range after setting a new all-time high above $123,000 just 10 days ago. The current range, between $117,000 and $120,000, reflects a pause in momentum as the market digests recent gains and prepares for its next major move. While volatility has cooled, underlying metrics suggest that the broader trend may still have room to run.

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One key indicator drawing attention is the percentage of supply active in the past 180 days (% Supply Active). This metric has historically surged during major macro turning points. In spring 2024, as BTC approached $70,000, % Supply Active climbed to 20%. It rose again to 18% in December 2024, when Bitcoin first broke through the psychological $100,000 barrier. These spikes reflected long-dormant coins moving out of storage—often interpreted as early signals of broader distribution phases beginning.

Currently, the market is showing only initial signs of renewed supply activity, suggesting that we may still be in the early stages of this cycle’s distribution phase. As long-term holders remain relatively inactive and Bitcoin trades near record levels, the stage may be set for further upside if accumulation resumes and new capital enters the market.

Supply Activity Signals Early Stage Of Bitcoin Macro Expansion

Top analyst Axel Adler recently shared key insights pointing to a potential early phase in Bitcoin’s ongoing macro cycle. According to Adler, supply activity began rising in June 2025 as BTC crossed the $100,000 mark. Over the past 30 days, this metric has climbed from negative territory to +2.4%, signaling the beginning of a shift in holder behavior. While the increase confirms early signs of distribution, it remains modest compared to previous cycle peaks.

Historically, major bull markets see this 30-day % Supply Active rise dramatically. Adler highlights that the current pace lags behind prior peaks—like those seen when BTC reached $70,000 in spring 2024 or when it breached $100,000 in December 2024—suggesting that the market still has a considerable buffer before entering a heightened distribution phase. This delayed spike in activity implies that most long-term holders remain committed and are not yet ready to offload their coins.

As Bitcoin consolidates near the $120,000 level, this growing yet restrained activity indicates a healthy cycle structure. Adler predicts that if BTC continues to climb and hold above $120,000, the 30-day % Supply Active will likely move into the 8–10% range. Ultimately, it could revisit the 18–20% zone seen at past distribution tops.