Bitcoin miners have collectively sold over 15,000 BTC from their treasuries in recent months, redirected capital into AI data centers, and pushed network hashrate down more than 20% from its October 2025 peak.
Kosta Gushterov
Journalist
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
Latest articles by Kosta Gushterov
Goldman Sachs analyst James Yaro wrote in a client note this week that Bitcoin's decline has "approximately reached the historical peak to trough average" for this cycle.
Ethereum climbed back above $2,000 on March 28 after its worst single-session drop this week, driven by a futures leverage reading that had never been higher.
Bitcoin is trading at $66,436 after its worst weekly decline in months, with institutional selling at its most aggressive since February, and options markets pricing a 53% chance the price stays below $66,000 through April 24.
Ripple spent this week hardening a 14-year-old ledger with AI, lobbying Washington for the bill it says will unlock the next wave of institutional capital, and watching its CEO collect headlines from Davos to Miami predicting the most consequential year in the company's history.
Ethereum is trading below $2,000 for the first time in this chart window, RSI at its deepest oversold reading of the session, while ZK-proving times have dropped from 16 minutes to under 10 seconds and two major upgrades are scheduled before the year ends.
TRX is up 1%, trading at $0.314, above its 50-period moving average, with momentum building rather than collapsing.
Bitcoin's network has been losing participants since August 2025. The price is only now catching up.
XRP is trading at $1.358 at the time of writing, while shorts are being added, and the volume is at its lowest since 2024. On the surface, this market looks broken. The structural data underneath it says something else entirely.
Ethereum is trading at $2,079 while its network is holding at 3.64 million weekly active addresses - an all-time high level. Those two facts sit in direct contradiction.
Crypto prices are falling across the board this morning and the reason maybe has nothing to do with on-chain data or technical levels.
In the past few weeks, Bittensor has been building one of the strongest altcoin rallies of the cycle. It does not look like a random pump. The supply data, the institutional interest, and the ecosystem numbers all point in the same direction, and they did not all arrive at once.
