According to ChainCatcher, according to statistics from CryptoQuant analyst joaowedson, Bitcoin miners transferred a total of $166.2 billion worth of Bitcoin to CEX from 2023 to 2024, most of which occurred in 2024, and only $48 billion worth of Bitcoin was withdrawn.

joaowedson said that such a large amount of transfers by Bitcoin miners is unprecedented, and this group has thus become the largest seller in the cryptocurrency market.