Bitcoin Miners Dump 50,000 BTC… So Why Isn’t Price Crashing?

Added: 2026-05-20

[00:00:00]Welcome back.

[00:00:03]To Crypto Z Rus.

[00:00:07]Uh I am George. We're all George. And this is a good and bad situation. So right now, it seems like there are a lot of miners that are still selling Bitcoin.

[00:00:19]But the good news is it's being equaled out because there are a lot of buyers like Sailor and like long-term investors and institutions coming in. So that's offsetting. That's why they sold 50,000 Bitcoin but we're still able to hold above 80,000, right? If they weren't selling, we would be much higher. So in case you're wondering why we haven't gone up recently, it's probably the miners. Now why are the miners selling?

[00:00:48]Unfortunately, it's due to what I just said. You need to adapt, right? A lot of these miners are now thinking, "Okay, our facilities are better off to host AI."

[00:01:02]That's what they're doing. It's not because they don't believe in Bitcoin anymore, but they're transitioning to AI data centers because that's a lot more profitable right now, right? So even miners, these companies, are transitioning too. They're trying to prepare for the future.

[00:01:21]It's kind of interesting how that's happening.

[00:01:25]Uh but outside of that, we still have a lot of good news. The reason why we're holding, the reason why we're recovering, the reason why we're going to continue to go up is because the fundamentals have never been better and we're still growing.

[00:01:41]For example, Charles Schwab opens up Bitcoin and Ethereum trading.

[00:01:49]They've been hyping this up for a long, long, long time. Long time. But finally, it seems like it happened.

[00:01:55]They manage 12 in client assets. 12 trillion with a T.

[00:02:04]So, obviously they have to adapt again.

[00:02:07]They have to adapt just like everyone else because Robinhood has been eating their lunch. Coinbase now offers stock trading, so eating their lunch. The new millennials and below, millennials are not even young anymore. Millennials are quite old. Uh Gen Z or whatever new generations after Gen Z, Gen whatever, right? None of them are opening up Charles Schwab to trade.

[00:02:34]Let's just be real. So, Charles Schwab is still for the older, mature clients, but they realize they they got to adapt or they're going to die, too.

[00:02:45]So, this is good, obviously, because it makes it so much easier for Schwab clients, many of which are quite wealthy, to start buying.

[00:02:59]So, it's part of the growing fundamentals.

[00:03:02]Uh Eric Trump outlined Bitcoin accumulation plan to rival strategy.

[00:03:06]Well, that would be good. If you could come up with a plan for American Bitcoin, who has been buying, unlike the other minor companies. So, they have been raising and buying a lot. So, it's good for them. They're not pivoting.

[00:03:21]It'd be stupid if they did. But anyways, if they could come out with the same kind of strategy where they could offer some kind of prefer prefer shares or something like that to continue to fund their Bitcoin buying, that would be awesome.

[00:03:36]You got Capital B raising 15.2 euros, million euros, >> [snorts] >> to grow the Bitcoin treasury. So, obviously, you got a lot of companies that are still wise and loading up preparing for the future.

[00:03:57]Is the future for Bitcoin investors and crypto investors is bright.

[00:04:06]Uh what else?

[00:04:09]Yeah, conviction buyers added 243 billion in 2026.

[00:04:14]It's kind of hard to believe. I still think it's kind of like February, January, February 2026. No, it's like midway through. We're almost in June.

[00:04:22]It's quite amazing.

[00:04:24]Uh but you know, first half of this year, 243 billion. And this is during a crypto winter.

[00:04:33]Imagine when we're not in crypto winter as we move forward and recover and go higher in the second half of this year, imagine how many more billions will be flowing in.

[00:04:51]It's going to be nuts.

[00:04:53]It's going to be nuts as they say nuts to butts.

[00:04:57]Um last few things.

[00:05:00]Bitcoin, every time it goes down, what happens? It goes up. This is just measuring downturns, right? From previous crypto winters. And every crypto winter, we go down a little bit less.

[00:05:14]Like the first crypto winter, we're down like 88%. The second one was like 85%.

[00:05:19]The third one was like 78%. This one, we're like down like only 50%.

[00:05:27]So, think about that.

[00:05:35]According to this, double bottom, next next logical point is 130.

[00:05:43]But obviously, that's just the next stop.

[00:05:47]Well, I mean, we got a few stops, but like the next major stop is that's where our previous high was.

[00:05:51]And then after that, that's when we keep on going.

[00:05:55]And according this, this is kind of like the rainbow chart, even with diminishing returns.

[00:06:01]Next stop, top of the channel is about 320,000.

[00:06:05]We were cut short last year because of all the stuff around the war and uncertainty around tariffs and trade wars and the Fed, you know, we got a lot of stuff that stopped us.

[00:06:27]But as we move forward, things are going to improve.

[00:06:34]Uh same thing with Ethereum.

[00:06:36]Ethereum, they have a new upgrade that's pushed to Q3.

[00:06:44]Uh everything they're trying to do is trying to lower fees, lower gas fees, and increase transaction count, basically make things more efficient.

[00:06:55]They're doing a little bit at a time, solving things a little bit at a time.

[00:07:03]So, that's good.

[00:07:05]And you got like guys like Bitmain and Tom Lee that continues to buy.

[00:07:10]And not only buy, stake.

[00:07:13]They stake 90% of what they bought.

[00:07:18]So, not only are they raising money to buy more ETH, but now they're collecting a ton of rewards.

[00:07:31]Which is good and smart. You can't do that with Bitcoin. Saylor can't do that with Bitcoin.

[00:07:38]But Tom Lee can with ETH.

[00:07:40]And if you think about it, he's doing everyone a favor because whatever ETH that he collects, he's not dumping on the market.

[00:07:49]He's re-staking that.

[00:07:51]Right? So, he's actually trying to make it more deflationary.

[00:07:55]If you think about it, that's pretty smart.

[00:07:59]Because he holds about 5% of all Ethereum and, you know, 90% of it, just just round up, if he's collecting 5% of rewards, and he's just staking that, you know, that's doing everyone else a favor. Otherwise, the 5% would be going everywhere else to people that may be selling.

[00:08:18]So, if you think about it, it's actually really smart.