Since last November, the total amount of BTC transferred to exchanges and miner outflow has significantly decreased

Golden Finance reports that the inflow of BTC to exchanges (the total amount of BTC transferred to exchanges) and miner outflow (the amount of BTC sent to exchanges by miners) have significantly decreased since November 2024, indicating a reduction in selling pressure. According to CryptoQuant data, after experiencing about two months of peak inflow activity to exchanges, the inflow of BTC to exchanges peaked at 98,748 BTC on November 25, 2024. In December 2024, the inflow to exchanges decreased, with the total number of bitcoins sent to exchanges ranging between 11,000 and 79,000 per day. The decrease in inflow to exchanges is accompanied by a reduction in miner outflow, indicating a decrease in selling pressure from bitcoin miners, who often sell their bitcoin holdings to cover operating expenses.