Bitcoin miners sold nearly 32,000 BTC in Q1 2026 as price battled $80K

Bitcoin hovered around the $80,500–$81,000 area in May 2026 while the $80,000 level became a key liquidity battleground. Public mining companies sold nearly 32,000 BTC in Q1 2026, alongside renewed movement from older wallets, including a 14-year-old address that distributed 11,300 BTC. Despite the added supply, BTC continued to defend $80,000, though persistent distribution could raise volatility if demand cools.