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)