Earn with Nexo
Public Bitcoin miners sold over 32,000 BTC in Q1 2026, a record quarterly liquidation, as Bitcoin prices fell below $60,000. The Bitcoin dipping to $60,000 in April market is seeing increased trader interest given the current economic environment.
The sale surpassed total 2025 liquidations and the previous quarterly high of 20,000 BTC from Q2 2022. Bitcoin’s price decline has been driven by macroeconomic factors including U.S. tariff threats and rising interest rates.
Miners like Core Scientific and Riot Platforms are shifting toward AI and high-performance computing, influenced by regulatory changes like Texas SB 6. This pivot away from Bitcoin adds further selling pressure. The Bitcoin above $68,000 on April 16 market remains at 100% YES, but the scale of miner liquidations signals potential volatility.
Trading volume across these markets remains low, with combined 24-hour face value and actual USDC traded showing little activity. The lack of liquidity means even small trades could move prices significantly, especially in thin sub-markets.
This record liquidation marks a shift in miner strategy and a cautious stance on Bitcoin’s short-term price. At 20¢ for a YES outcome on Bitcoin hitting $60,000, the potential payout is a
Watch for announcements from major miners about further asset sales or strategic pivots. Statements from Michael Saylor or policy changes from Jerome Powell could also shift market sentiment.
Get prediction market intelligence as a structured API feed. Early access waitlist.