#BitcoinHashRateSurge 💸 The behavior of miners and traders indicates an upcoming rise in Bitcoin

In November and December, when the price of $BTC corrected after reaching a peak of $108,364, the influx of digital assets to cryptocurrency exchanges reached record levels. On November 25 alone, 98,748 bitcoins worth $9.7 billion at the current exchange rate were sent to the balances of trading platforms.

But in January, this situation changed. CryptoQuant recorded a significant drop in the influx of $BTC to cryptocurrency exchanges (screenshot 1, green bars).

At the same time, miners began to sell less cryptocurrency. This is evidenced by a decrease in the number of coins they transferred to cryptocurrency exchanges (screenshot 2, blue line).

On November 11, mining companies sent 26,367 $BTC to trading venues worth $2.6 billion, while over the three days from January 1 to January 3, 2025, they transferred only 13,370 bitcoins worth $1.3 billion.

Considering this statistics, the employees of the cryptocurrency exchange Bitfinex predict an increase in the price of Bitcoin to $110,000 in January. However, for a significant price increase, trading volume must rise. If the number of purchased coins remains at the current low level, the price of $BTC is unlikely to break the $100,000 mark.