Bitcoin’s market dominance held firm at 60.15% as the total cryptocurrency market stabilized near a $1.61 trillion valuation. The asset traded near $80,231 with a daily volume of approximately $40.83 billion. Market observers noted simultaneous pressures, with data revealing crypto miners sold around 3,400 BTC during a recent rally and U.S. spot Bitcoin ETFs recorded a net outflow of $146 million.
Bitcoin continues to dominate the cryptocurrency market at 60.15% while the broader sector consolidates near a $1.61 trillion valuation. The stability reflects strong performance despite volatility from miner activity and institutional fund movements.
Bitcoin is currently trading at $80,231 with a 24-hour trading volume of approximately $40.83 billion. Its market capitalization remains close to $1.61 trillion as the asset shows signs of upward movement following a recovery phase that began in early April.
A recent post by Ali Charts highlighted a notable shift in miner behavior as profit-taking intensified. The data suggests miners increasingly used recent price strength to realize gains while Bitcoin climbed approximately 15% from around $72,000 on April 7 toward a peak of $82,790.
On-chain observations indicate approximately 3,400 BTC were offloaded by miners throughout this rally. This selling activity is believed to support operational costs and secure profits at multi-month highs, reflecting a typical response to sustained price appreciation.
Alongside miner activity, exchange-traded fund flows in the United States showed varied direction. SoSoValue revealed on May 8 that spot Bitcoin ETFs in the U.S. had a net outflow of $146 million, implying a net sell-off.
Unlike Bitcoin ETFs, Ethereum ETFs in the United States showed a positive inflow of $3.57 million. Despite these opposing ETF flows, BTC still dominated as the most popular asset among traders and investors.
