Bitcoin (CRYPTO:BTC) miners are currently decreasing their selling pressure on the market, marking a potential shift in the cryptocurrency's trajectory.

Following the Bitcoin halving in April, miners faced reduced revenues and resorted to selling off their holdings to cover operational costs.

However, recent data from Bitfinex Alpha indicates a significant decline in BTC transfers from miners' wallets, suggesting a stabilization in selling activities.

This reduction in miner selling could alleviate downward pressure on Bitcoin's price and pave the way for a potential upward trend.

Historical patterns show that previous decreases in miner selling have preceded Bitcoin's price rallies, highlighting optimism among analysts despite ongoing supply overhangs from other large-scale holders.