小龙先生|May 11, 2026 14:37
The long short split and tug of war between Bitcoin above 80000 is passionately unfolding!
When individual and large investors shout out that the bull market is returning and they want to sell BTC, and when Tom Lee @ fundstrat publicly predicts that BTC prices will reach $150000 to $250000 this year and ETH prices will reach $90 to $12000,
Institutions, whales, and miners are quietly selling Bitcoin or planning to sell Bitcoin above 80000 yuan, including the dead long micro strategy company that has been constantly buying and selling in the market. In recent days, they have also openly stated that they want to sell some Bitcoin to repay interest, as shown in Figure 1.
ChainCatcher News: According to OnchainLens monitoring, Whale Loracle.hl has closed its TON, BTC, and CL positions, earning a profit of $3.9 million. In addition, the whale also closed about 96% of its ZEC long positions and increased its 1239834 HYPE (5x leverage) short positions to a value of $53230000, as shown in the second chart.
According to the latest report, in the first quarter of 2026, US listed mining companies sold nearly 32000 BTC, exceeding the total size of 2025. The main reason is that mining costs have increased after halving, and some mining machines are on the brink of breakeven. The following are mining companies that have currently disclosed specific selling data:
1) Bitdeer has zero holdings and sold all 193.8 units this week (reported on May 10th); See Figure 3.
2) Listed mining companies sold over 32000 BTC in Q1 (setting a new quarterly high, including MARA/Riot/CleanSpark, etc., on May 4th);
3) Mining companies collectively shift towards AI infrastructure (Riot/MARA/Core Scientific Transformation, May 10th);
4) On chain data: MARA continues to sell BTC in large amounts (13210 in the first quarter, May).
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