Odaily Planet Daily News Since November 2024, the inflow of Bitcoin to exchanges (total BTC transferred to exchanges) and the outflow from miners (the amount of BTC sent to exchanges by miners) has significantly decreased, indicating a reduction in selling pressure. According to data from CryptoQuant, BTC inflow to exchanges peaked at 98,748 BTC on November 25, 2024, following a period of highly active inflow activity over the previous two months. In December 2024, the BTC inflow to exchanges decreased but remained quite substantial, with the total number of Bitcoins sent to exchanges daily ranging between 11,000 and 79,000. The reduction in inflow to exchanges coincides with a decrease in outflow from miners, suggesting that the selling pressure from Bitcoin miners has lessened, as they often sell BTC holdings to cover operational costs. Since the historic price surge of Bitcoin after Trump's election in November last year, miners’ outflows have been declining. Data from CryptoQuant shows that outflows peaked on November 11, when miners sent 25,367 BTC to exchanges, at which point Bitcoin's price reached about $88,000. On January 1, 2025, miners sent 5,489 BTC to exchanges, 5,748 BTC on January 2, and 2,133 BTC on January 3. (Cointelegraph)

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