Bitcoin News

Bitcoin Miner Selling Pressure Drops To Near Three-Year Low

1 hour ago

Bitcoin miner selling pressure has fallen sharply,

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.

Bitcoin miner to exchange flow | Source: X @Darkfost_Coc

Bitcoin must break above $74,500, 1-week chart | Source: BTCUSDT on TradingView.com

Featured image created with DALL.E, chart from TradingView.com

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