BTC

The data indicates a noticeable escalation in the pace of Bitcoin withdrawals by miners from trading platforms, suggesting a potential shift in holding strategies or liquidity management. Since the beginning of February, approximately 36,000 Bitcoin have been withdrawn within a short period — a significant figure that reflects a change in miners’ behavior compared to previous months.

More than 12,000 Bitcoin were withdrawn from the Binance platform alone. The remaining amount, exceeding 24,000 Bitcoin, was distributed across several other exchanges, indicating a broad-based movement rather than an isolated or individual transaction.

This behavior is typically interpreted as a move toward long-term storage, as miners prefer transferring their assets to cold wallets instead of keeping them on exchanges. It may also reflect growing confidence in future price appreciation, as miners tend to reduce the supply available for sale in the spot market.

Most notably, daily withdrawal activity surged sharply, peaking at over 6,000 Bitcoin withdrawn in a single day — the highest level recorded since last November. Comparisons show that this activity clearly exceeds January’s levels, reinforcing the assumption that the market may be entering a repositioning phase driven by miners.

Written by Arab Chain