According to BlockBeats, on January 5, the inflow of Bitcoin trading platforms and the outflow of miners have dropped significantly since November 2024, and the market selling pressure has eased.
According to CryptoQuant data, BTC exchange inflows in November 2024 peaked at 98,748 BTC on November 25, following about two months of highly active exchange inflow activity.
In December 2024, BTC exchange inflows declined but remained substantial, with the total number of bitcoins sent to exchanges ranging from 11,000 to 79,000 per day.
The decline in inflows to exchanges was accompanied by a decline in miner outflows, suggesting less selling pressure from Bitcoin miners, who often sell off their BTC holdings to cover operating expenses. Miner outflows have been falling since miners took profits during Bitcoin’s historic price rally following Trump’s election last November. Data from CryptoQuant shows that outflows peaked on Nov. 11, when miners sent 25,367 BTC to exchanges, when the price of Bitcoin reached about $88,000.
On January 1, 2025, miners sent 5,489 BTC to the exchange, on January 2, 5,748 BTC were sent, and on January 3, 2,133 BTC were sent.
