Bitcoin miners have reduced inflow to centralized exchanges leading up to the halving as investors look to another uphill run. A new report from on-chain analytics firm CryptoQuant shows a major reduction in miner flows to crypto exchanges.
According to the firm, last month’s figures totaled 374 BTC to exchanges, a significant from the previous month which hit 1388 BTC. Generally, assets from miners and whales to exchanges signify selling pressure causing a price drop.
Conversely, when assets leave exchanges to other custodians or there are reduced miners inflows, it leads to a positive run in the market. The move by miners to reduce selling pressure comes as the Bitcoin halving fast approaches.
Miners Look to Capitalize on Halving Momentum
The Bitcoin halving is seen as a bullish phase but causes wild movements from miners and traders in the months leading to the event. The bear market in 2022 ushered in weakened asset prices that let miners see significant losses.
The uptur
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