CoinDesk analyst Sam Reynolds wrote that BTC's rise to an all-time high triggered the largest miner sell-off since April, with 16,000 BTC moving to the exchange.
The data shows that bitcoin exchange inflows rose to 81,000 BTC on July 15 last week, the highest single-day inflow since February, mainly driven by whales and miners: transfers of 100 BTC and above jumped from 13,000 BTC to 58,000 BTC, while miner outflows reached 16,000 BTC, almost all of which was deposited directly into the exchange.
Ethereum also exhibited a similar pattern, with around 2 million ETH flowing into the exchange on July 16, the highest daily inflow since the end of February.
Analysis: Bitcoin miners and whales sell off during rally or signal "partial peak"
2025-07-21 02:30:05
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