According to PANews, recent data from CryptoQuant indicates a significant decrease in Bitcoin exchange inflows and miner outflows since November 2024, suggesting reduced selling pressure. After experiencing a peak in exchange inflow activity in November 2024, with a high of 98,748 BTC on November 25, the inflows have decreased. In December 2024, the total Bitcoin sent to exchanges ranged between 11,000 and 79,000 BTC daily. This reduction in exchange inflows coincides with a decrease in miner outflows, indicating less selling pressure from Bitcoin miners, who often sell their holdings to cover operational costs.
Following the rise in Bitcoin prices after Trump's election victory in November, miners have seen profits, leading to a decline in their outflows. CryptoQuant data shows that on November 11, miner outflows peaked at 25,367 BTC when Bitcoin's price reached approximately $88,000. On January 1, 2025, miners sent 5,489 BTC to exchanges, followed by 5,748 BTC on January 2, and 2,133 BTC on January 3.