The total amount of BTC transferred to exchanges and miner outflows have dropped significantly since November last year

Golden Finance reported that exchange BTC inflows (the total amount of BTC transferred to exchanges) and miner outflows (the amount of BTC sent to exchanges by miners) have fallen sharply since November 2024, indicating a reduction in selling pressure. According to CryptoQuant data, after about two months of peak exchange inflow activity, exchange BTC inflows in November 2024 peaked at 98,748 BTC on November 25. In December 2024, exchange inflows declined, with the total number of bitcoins sent to exchanges ranging from 11,000 to 79,000 per day. The reduction in exchange inflows was accompanied by a reduction in miner outflows, indicating a reduction in selling pressure on Bitcoin miners, who often sell their Bitcoin holdings to pay for operating expenses.