On-chain data, especially when examined together with signals from miners and whales, shows signs of a certain selling pressure in the crypto market.

The increasing selling appetite of miners and the intense activity of whales on exchanges have the potential to create a supply glut in the market in the short term and put downward pressure on the price.

Current #onchain data.

Miners' Position Index (MPI): Critical Rise

What MPI means (miner selling pressure indicator).

Detail of the observed 98.82% increase.

This increase could bring potential supply glut and selling pressure to the market. The possibility that miners are under profit realization or cost pressure.

What the #whale ratio means (large investors' activity on exchanges).

High value of 0.9395 and slight increase.

Comment: Large investors are actively entering the exchanges and this could cause volatility in the market. These entries could indicate potential sales or position adjustments.

Fund Flow Rate: What it means to be stable (constancy of the exchanges' role in the overall network transfers).

Exchange Stablecoin Rate (USD): Interpretation of a slight decrease (coin withdrawal or stablecoin increase).