In recent days, on-chain data from CryptoQuant shows an unprecedented surge in the “total realized inflow” from bitcoin miners to exchanges. According to the latest chart, this inflow has skyrocketed to historical highs, exceeding $1 billion per day between May 19th and May 28th, 2025. This massive spike coincides with a stall or pullback in bitcoin’s price action, suggesting a significant uptick in potential sell pressure from the mining sector.
Interpretation:
Such rapid increases in miner-to-exchange inflows typically indicate a stronger willingness among miners to liquidate their holdings, which often leads to increased supply in the spot market and can trigger or exacerbate price corrections. Since miners are a key source of spot BTC liquidity, their collective behavior is an important sentiment gauge for all market participants.
Summary:
Tracking miner movements is a critical leading indicator for investors and traders. Large-scale selling by miners often results in higher short-term supply and increased price volatility. Paying close attention to these inflows—especially during historical peaks like the current phase—can help with risk management and more informed trading decisions.
Written by CryptoOnchain
