CryptoOnchain, a writer and analyst at CryptoQuant, published a report indicating that BTC miners' reserves have decreased. Additionally, miners' reserves have reached their lowest level since April 2021, which means miners are selling their savings. The report stated that this decline has been followed by a much steeper slope since the beginning of November, which may be one of the reasons for the increasing selling pressure in the market. It also revealed that BTC's net deposits on exchanges are high compared to the last seven-day average, which may indicate high selling pressure.