Ethereum is the Most Transferred Coin from Miners to Binance

Last year, #Ethereum was by far the leader in transfers from miners to exchanges. Throughout the chart, transfers reached levels of over 100M USD. It appears that miners are providing liquidity through $ETH . Miners seem to have played a significant role in Ethereum's lack of a bull run and the premature end of the altcoin rally.

$USDT and then USDC follow Ethereum in miner transfers. Miners have made regular and significant transfers, and it seems they prefer to remain in cash after sales. This leads to reduced market volatility.

WBTC follows USDT and USDC exchange transfers. Although small in number, it is strategically important because miners solve BTC not directly, but in tokenized form. This results in limited upward movements for the BTC price.

The altcoin most transferred from miners to exchanges is $LINK It stands out significantly compared to other altcoins. Looking at the price movement, it's clear this transfer is for liquidation purposes.

Miners are minimizing their risks while increasing their cash position.

It's clear they are not in long-term holding mode. A strong bull trend is not expected at times like these. Rises are short-lived and encounter selling pressure. This type of structure is frequently seen during bear seasons.