The outflows from miners have fallen from November highs

Outflows from miners have been decreasing since the peaks recorded in November, when miners made profits during the historic surge in Bitcoin prices following Donald Trump's election.

Data from CryptoQuant shows that outflows peaked on November 11, when miners sent 25,367 BTC to exchanges as the price of Bitcoin reached approximately USD 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.