Bitcoin Sell Warning? Miner to exchange transfer reaches historical highs
Bitcoin (BTC) experienced a slight sell-off yesterday, hitting $100,372 per day on Binance Crypto Exchange. However, recent chain chain data suggests that price declines may continue as BTC miners continue to move coins to unprecedented levels of exchange.
Record-high transfers from Bitcoin miners to exchanges
According to a recent crypto-speed post by contributor CryptoonChain, the full inflow from Bitcoin miners to exchanges has soared to historic highs. This spike may have caused the recent price drop from the medium to $100,000 range.
For uninspired people, the overall awareness of Bitcoin miners’ inflows in exchange measures the actual amount of BTC that miners have transferred from their wallet to cryptocurrency exchanges. The sharp rise in this metric usually indicates that miners are selling more holdings, which can increase market supply and may drive prices down.
CryptoonChain shared the following chart showing miner inflows exceeding $1 billion a day between May 19 and May 28, 2025. If this trend continues, BTC may face deeper corrections that could fall into the $90,000 low price range.
In early January this year, when BTC was in a historical rally, a similar trend was observed, rapidly creating multiple new historical peaks (ATHs). At that time, BTC miners uninstall Nearly 140,000 coins, about $13.72 billion.
Meanwhile, experienced crypto analyst Ali Martinez pointed out another bearish signal. In X’s post, he noted that Bitcoin’s value (MVRV) ratio dropped to its 200-day simple moving average (SMA) ratio (MVRV), a sign that could lead to further sales pressure.
When the MVRV ratio is lower than its 200-day SMA, this indicates that the average market participant has lost or close to the branch holding of Bitcoin. This usually indicates bearish sentiment or undervalued, which could trigger further sales from small investors.
BTC holders are cautiously optimistic
The public hatred between US President Donald Trump and Elon Musk further curbed market sentiment yesterday. Now some analysts predict BTC could be as low as $96,000.
Crypto analyst Anup Ziddi made a similar bearish forecast. Analysts Recent statement As long as BTC stays below $107,000, its chances of further collapse will remain higher.
That is, there are still reasons for caution optimism. Recent on-chain data show that new Bitcoin whales are very positive accumulation Assets enhance the possibility of future supply compression. At press time, BTC traded at $104,963, up 0.2% over the past 24 hours.
Featured images from unsplash.com, charts from cryptoFuant, X and TradingView.com
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