Analysis: Since November last year, both the inflow to BTC trading platforms and the outflow from miners have significantly decreased, alleviating selling pressure in the market

BlockBeats News, January 5th, Since November 2024, the inflow volume to Bitcoin exchanges and the outflow volume from miners have significantly decreased, reducing the market's selling pressure.

According to CryptoQuant's data, the BTC inflow volume to exchanges peaked at 98,748 BTC on November 25th, 2024, after about two months of highly active inflow to exchanges.

In December 2024, the BTC inflow volume saw a slight decrease but remained significant, with the daily amount of Bitcoin sent to exchanges ranging from 11,000 to 79,000 coins.

The decrease in exchange inflow volume coincided with a reduction in miner outflows, indicating a reduction in selling pressure from Bitcoin miners who often sell BTC holdings to cover operational expenses. Since the historic price surge of Bitcoin following Trump's election in November last year, miner outflows have been decreasing. CryptoQuant's data shows that the outflow volume peaked on November 11th when miners sent 25,367 BTC to exchanges when the Bitcoin price was around $88,000.

On January 1st, 2025, miners sent 5,489 BTC to exchanges, on January 2nd, they sent 5,748 BTC, and on January 3rd, they sent 2,133 BTC.