📰 Daily Market Update:
Over the last few sessions, Bitcoin price has been consolidating around the $90,000 level, while on-chain data from Binance is starting to show some important early warning signals — especially from miners activity.
📊 Chart Breakdown: Miner Flow to Exchange [Binance]
🛠 What is Miner Flow?
Miner Flow measures the net USD value of Bitcoin transferred from miners’ wallets to Binance.
📈 Positive values → Miners are depositing more BTC than withdrawing → potential selling pressure
📉 Negative values → Miners are withdrawing BTC
→ accumulation or holding behavior
Since miners are the natural source of new Bitcoin supply, their behavior often plays a key role in short-term price direction.
🧠 Key Observations from the Chart
📈 We saw clear positive miner flows on December 11, 17, and 19, exactly while BTC was trading near $90K
* These positive spikes suggest miners were actively sending BTC to Binance, likely preparing for selling
* The last similar positive miner activity appeared in mid-November, which was followed by a price drop from above $103,000
* This doesn’t mean a crash is guaranteed, but historically, miner deposits at elevated price levels tend to act as a headwind for price continuation
Written by Amr Taha
