Bitcoin Miner Selling Still Elevated, On-Chain Data Shows

On-chain data shows the Bitcoin miners have continued to make large deposits to exchanges recently, a sign that could be bearish for BTC’s price.
Bitcoin Miner Exchange Netflow Has Been Seeing Positive Spikes
In a new post on X, CryptoQuant author IT Tech has discussed about the latest trend in the Bitcoin Miner to Exchange Flow vs. Exchange To Miner Flow metric. This indicator measures, as its name suggests, the netflow happening between miner-associated wallets and centralized exchanges.