📰 Crypto Daily Market Update
Hey everyone, welcome to another daily market update👀.
⚙️ Chart 1: Miner Flow to Exchange [Binance]:
* This indicator measure the total netflow value of Bitcoin miners sending BTC into Binance, calculated in USD.
* Miners are one of the biggest natural sellers in the market.
* They spend real money — on electricity, hardware, and maintenance — to mine BTC, and typically sell a portion of their holdings to cover those costs.
* When this chart shows big positive spikes, it means miners sending large amount of BTC to Binance, it often means increased selling pressure.
* We can see two big spikes in recent weeks: July 25 and August 11, both close to local bitcoin price tops.
* On July 25, miners deposited nearly $1.1 billion worth of BTC into Binance, while on August 11 another $836 million entered the exchange.
* Such heavy inflows likely added significant sell pressure right when Bitcoin was testing its highs.
💵 Chart 2: TRON – USDT Transfers via Centralized Exchanges Delta:
* This chart tracks USDT flows on TRON network, focusing on movements in/out of exchanges.
* A positive delta means more USDT was deposited than withdrawn, often interpreted as buying intent.
* A negative delta, like the one recorded yesterday, usually signals profit-taking or capital rotation.
* Yesterday’s reading showed over $500M in USDT withdrawn from Binance, which could indicate that traders are cashing out after recent gains.
* Such large outflows support the idea that many players were securing profits rather than adding new risk
Final Notes
Remember: 🕒 Historically, past performance is not a guarantee of a repeat of the same moves in the future, so it is essential to monitor the movements of all investor classes closely while also considering derivatives market data.
Written by Amr Taha
