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BTC Miner Inflows to Binance Hit Lowest Levels Since June 2023 Amid Reduced Selling Pressure
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Bitcoin Ethereum News
Bitcoin Ethereum NewsBTC Miner Inflows to Binance Hit Lowest Levels Since June 2023 Amid Reduced Selling Pressure
TLDR: BTC miner inflows to Binance have dropped to their lowest monthly average since June 5, 2023. The U.S. ice storm forced miners to sell BTC to cover fixed costs despite reduced operations. Combined miner inflows across all exchanges currently stand at approximately 4,381 BTC monthly. Miners are estimated to hold 1.8 million BTC in reserve, making their behavior critical to watch. BTC miner inflows to Binance have dropped to historically lo…
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