Bitcoin Miner Inflows Spike: $7B Sent to Binance
On-chain analytics indicate roughly $7 billion worth of Bitcoin has been deposited to Binance by miners in recent weeks, a marked increase from prior levels. These concentrated inflows to a major liquidity hub are being interpreted as miners converting BTC to fiat or stablecoins, likely to cover operational costs or rebalance positions.
The move matters because sustained miner selling feeds exchange supply and can amplify downward pressure on BTC, particularly during thin liquidity periods. Traders and holders should monitor miner flow trends and exchange reserves as potential early signals of short-term volatility; if deposits persist, it could weigh on market sentiment and price action until selling stabilizes.