Bitcoin Miner Selling Pressure Drops To Near Three-Year Low

Bitcoin miner selling pressure has fallen sharply, with BTC inflows from miners to Binance dropping to levels not seen since mid-2023. The shift matters because miner distribution is one of the market’s more persistent sources of structural sell-side pressure, and the latest data suggests that pressure has eased for now. In a post via X on Sunday, CryptoQuant contributor Darkfost said the monthly average of BTC inflows from miners to Binance has fallen to roughly 4,316 BTC. When the same activity is measured across all exchanges, the figure rises only slightly to 4,381 BTC, reinforcing the point that the slowdown is not limited to a single venue. Bitcoin Miner Selling Pressure Drops The reversal follows a brief spike earlier this year tied to extreme weather in the United States. According to Darkfost, miner inflows picked up during the ice storm that hit the country in late January and early February, when several large US-based mining pools were forced to scale back or temporarily su