PANews January 5th news, according to Cointelegraph, the inflow of BTC to exchanges (the total amount of BTC transferred to exchanges) and the outflow of Miners (the amount of BTC sent by Miners to exchanges) have decreased significantly since November 2024, indicating a decrease in dumping pressure. According to CryptoQuant data, after experiencing a peak in exchange inflow activity for about two months, the inflow of BTC to exchanges reached a peak of 98,748 BTC on November 25th, 2024. In December 2024, the inflow to exchanges decreased, with the total number of BTC sent to exchanges ranging from 11,000 to 79,000 per day. The decrease in exchange inflow is accompanied by a decrease in Miner outflow, indicating a reduction in dumping pressure from BTC Miners who often dump BTC holdings to pay for operational expenses.
Since Trump’s victory in November, BTC has been rising and Miners have been profiting, but the outflow of funds from Miners has been declining. According to CryptoQuant data, on November 11th, the outflow of BTC reached its peak, with Miners sending 25,367 BTC to exchanges when the price of BTC was around $88,000. On January 1, 2025, Miners sent 5,489 BTC to exchanges, followed by 5,748 BTC on January 2, and 2,133 BTC on January 3.
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Since November last year, the total amount of BTC transferred to the exchange and the outflow of miners have greatly decreased.
PANews January 5th news, according to Cointelegraph, the inflow of BTC to exchanges (the total amount of BTC transferred to exchanges) and the outflow of Miners (the amount of BTC sent by Miners to exchanges) have decreased significantly since November 2024, indicating a decrease in dumping pressure. According to CryptoQuant data, after experiencing a peak in exchange inflow activity for about two months, the inflow of BTC to exchanges reached a peak of 98,748 BTC on November 25th, 2024. In December 2024, the inflow to exchanges decreased, with the total number of BTC sent to exchanges ranging from 11,000 to 79,000 per day. The decrease in exchange inflow is accompanied by a decrease in Miner outflow, indicating a reduction in dumping pressure from BTC Miners who often dump BTC holdings to pay for operational expenses. Since Trump’s victory in November, BTC has been rising and Miners have been profiting, but the outflow of funds from Miners has been declining. According to CryptoQuant data, on November 11th, the outflow of BTC reached its peak, with Miners sending 25,367 BTC to exchanges when the price of BTC was around $88,000. On January 1, 2025, Miners sent 5,489 BTC to exchanges, followed by 5,748 BTC on January 2, and 2,133 BTC on January 3.