BTC Miner Selling Eases, but Market Demand Remains Weak

Bitcoin miners must regularly sell mined coins to cover electricity, equipment and operating costs. The amount of BTC they transfer to Binance is often viewed as an indicator of potential selling pressure. Miner supply pressure has now eased, but prices remain weak, suggesting that investment demand and macroeconomic risks have become the main drivers.

BTC transfers from miners to Binance have steadily declined since the beginning of 2025, indicating less willingness to sell. The report did not disclose daily BTC volumes or dollar amounts. BTC prices nevertheless fell over the same period, with pressure coming mainly from spot investors, ETF flows, whale activity and lingering macroeconomic risks.