Analysis: Bitcoin miners and whales selling during rally may signal a “local peak”
Odaily News CoinDesk analyst Sam Reynolds wrote that BTCs rise to an all-time high triggered the largest miner sell-off since April, with 16,000 BTC transferred to exchanges. Data shows that last week on July 15, Bitcoin exchange inflows rose to 81,000 BTC, the highest single-day inflow since February, mainly driven by whales and miners: transfers of 100 BTC and above jumped from 13,000 BTC to 58,000 BTC, while miner outflows reached 16,000 BTC, almost all of which were directly deposited into exchanges. Ethereum also showed a similar pattern, with about 2 million ETH flowing into exchanges on July 16, the highest daily inflow since the end of February. (CoinDesk)
You may also like

Quick Overview of Alliance ALL16 Demo Day: 18 New Projects Featuring Emerging Trends in Prediction Markets and AI Applications

The Ethereum Foundation launches "Hardness," a dedicated team to safeguard the decentralized baseline

Morning News | Boya Interactive plans to invest no more than $70 million to purchase cryptocurrency; WeChat launches official lobster plugin; Bitcoin mining difficulty decreased by 7.76% to 133.79 T

The competition for stablecoin yields, how has it stalled U.S. cryptocurrency regulatory legislation?

This Week's News Preview | The joint cryptocurrency regulatory guidance document from the U.S. SEC and CFTC officially takes effect; Polymarket announces major news

What characteristics do the projects delisted by mainstream exchanges have?

Before the $75,000 Gamma level, both bulls and bears are waiting for a signal

Business Opportunities of Tokenized Stocks

In-depth research report on the Resolv protocol hacking incident, who is the final payer?

Crypto Market Sees Large Liquidations: $272 Million in Long Positions Affected
Key Takeaways In the last 24 hours, $272 million worth of contracts were liquidated across the entire crypto…

Whale Increases BTC Shorts and Bets on Crude Oil: A Strategic Crypto Move
Key Takeaways A prominent whale, known as “UnRektCapital,” has strategically escalated its short position in Bitcoin while simultaneously…

Hackers in Brazil Use Fake Google Play Store to Steal Cryptocurrency
Key Takeaways Hackers in Brazil are exploiting fake Google Play Store pages to spread Android malware. Infected devices…

Exchanging 200,000 for nearly 100 million, DeFi stablecoins face another attack

The underlying business agreement of the trillion-dollar Agent economy: Understanding ERC-8183, it's not just about payments, but the future

When Wall Street's ETH begins to "yield": Looking at the asset properties of Ethereum from BlackRock's ETHB

The Power of Agency: The Agentic Wallet and the Next Decade of Wallets

Understanding x402 and MPP in One Article: Two Routes for Agent Payments
