Miner Selling Slows as Bitcoin Exchange Flows Decline

Bitcoin miner selling has slowed down significantly as exchange flows remain in a long-term decline. The latest on-chain data shows that miners have transferred 4,841 BTC to Binance over the past 30 days, representing 98.66% of all miner flows to exchanges.

This trend is partly due to the impact of Bitcoin's 2024 halving, which reduced block rewards by half and naturally led to fewer coins being produced for the same amount of computational work.

Analysts caution that lower exchange flows do not automatically confirm a bullish market on their own. However, they do reduce immediate selling pressure, making it easier for investors to buy without fear of increased supply entering the market.

The trend may also reflect structural changes across the mining sector, with larger companies now having greater access to financing through debt, equity offerings, and private liquidity arrangements.