Trending Now - Bitcoin Miner Selling Pressure Reaches Three-year Low

WHO:

CryptoQuant contributor Darkfost

Bitcoin miners

WHAT:

Bitcoin miner selling pressure has fallen sharply.

BTC inflows from miners to Binance have dropped to approximately 4,316 BTC.

When measured across all exchanges, BTC inflows from miners are about 4,381 BTC.

The last time miner transfers to Binance were at similar low levels was on June 5th, 2023.

Miners are currently sending less BTC to exchanges, indicating reduced selling into the market.

Miners hold around 1.8 million BTC in reserves.

WHERE:

Binance (exchange platform)

United States (location of large mining pools)

WHEN:

The spike in miner inflows occurred during an ice storm in late January and early February 2026.

The current data reflects conditions as of March 2026.

WHY:

The reduction in miner selling pressure follows a brief spike due to extreme weather conditions that forced several large US-based mining pools to scale back or temporarily suspend operations.

Miners increased BTC sales during the weather event to cover ongoing expenses despite reduced output.

HOW:

The analysis of miner inflows and selling pressure is based on data collected from exchanges, particularly Binance.

(UPDATED March 23, 2026 15:39 UTC)

Bitcoin miners are experiencing a significant drop in selling pressure, with inflows to Binance now at approximately 4,316 BTC, the lowest levels seen since June 5, 2023. This reduction follows a brief spike in miner sales during an ice storm in late January and early February, which forced many large US-based mining pools to cut back operations and increase their BTC sales to cover expenses. Currently, miners hold around 1.8 million BTC in reserves, indicating a shift towards reduced selling into the market.