In the first quarter of 2026, Bitcoin miners sold a record 32,000 BTC, surpassing the previous high of 20,000 BTC in Q2 2022. This increased supply coincided with Bitcoin reaching an all-time high on March 31, 2026. Despite the selling pressure, Bitcoin's market confidence remains strong at 100%. The miner sales, while significant, represent less than 1% of the spot trading volume, thus having a limited long-term impact on Bitcoin's price. However, the market's liquidity remains moderate, with even small orders potentially causing notable price movements. Traders are closely watching for catalysts such as ETF inflows or regulatory changes that could drive a market rebound.