Key Insights:
- Bitcoin’s price struggles as Asia-based exchanges see persistent selling pressure.
- U.S. institutions remain net buyers, but selling from Asia keeps Bitcoin under pressure.
- Forced selling from miners and declining hashrate contribute to downward price movement.
- Redistribution of Bitcoin from long-term holders adds to supply pressure, keeping the price heavy.
Bitcoin’s price is under pressure, even as institutions continue to buy the cryptocurrency. The Coinbase Premium remains positive, indicating continued interest from institutional buyers. The selling seems to be coming from a different source, leading to downward price pressure.
Selling Pressure from Asia-Based Exchanges
Bitcoin’s recent price drop has been largely driven by persistent selling on Asia-based exchanges like Binance, OKX, and Bybit. These exchanges have seen spot selling activity that is weighing down Bitcoin’s price. Despite strong demand from U.S. institutions, the price of Bitcoin has been struggling due to selling pressure from Asia-based exchanges.
WHY BITCOIN IS DROPPING EVEN AS INSTITUTIONS KEEP BUYING
U.S. institutions are still net buyers — the Coinbase Premium stays positive.
So why is BTC under pressure? Because the selling isn’t coming from the U.S.
👀 Asia-based exchanges (Binance, OKX, Bybit) have seen… pic.twitter.com/5MxB1SO5YS
— CryptosRus (@CryptosR_Us) December 18, 2025
The activity suggests that while U.S. institutions remain net buyers, the overall market is experiencing selling from regions facing economic strain or liquidity needs. As a result, Bitcoin’s price has been under pressure despite institutional interest.
Bitcoin Miner Reserves and Forced Selling
Another factor contributing to Bitcoin’s current price struggles is the decline in miner reserves. Miners have been forced to sell Bitcoin, rather than making the decision to sell voluntarily. This forced selling indicates that miners may be facing financial pressure, possibly due to lower profitability or higher operational costs.
Data shows that the hashrate of Bitcoin mining has dropped by about 8%, signaling additional stress among miners. This forced selling further adds to the market’s supply of Bitcoin, contributing to downward pressure on its price.
Asian Holders and Redistribution of Bitcoin
In addition to miner activity, long-term Bitcoin holders in Asia are also part of the selling trend. These holders appear to be distributing their assets, contributing to the ongoing supply pressure.
This redistribution is meeting the demand from institutional buyers, creating a situation where the price stays under pressure until the excess supply is cleared from the market. The redistribution may continue until the selling from miners and long-term holders subsides, which could allow Bitcoin’s price to stabilize.
