Bitcoin Miners Flood Binance With 51K BTC — Is A | Crypto News
According to on-chain trackers, bitcoin miners have moved a large quantity of cash to a major exchange in latest days, signaling a clear change in habits that the market will watch intently.
Reports have disclosed miner transfers totaling 51,000 BTC — price over $5.7 billion — to Binance since October 9. That is a very large circulation of provide into a place where cash could be offered rapidly.
Miners Move Large Amounts To Exchanges
On October 11, there was a dramatic spike when miners deposited more than 14,000 BTC to Binance, a day after the market plunged and bitcoin briefly fell to $104,000, an event that worn out almost $20 billion in leveraged positions.
Based on data, the outflow on that day was the most important miner switch since last July. Market individuals often read such strikes as a tilt from holding toward promoting, and that shift can change short-term sentiment fast.
Binance Data Indicates That Since October 9, Miners Have Deposited a Total of 51K Bitcoin
“The deposit of 51,000 Bitcoins within seven days represents a clear shift in miner behavior from holding to selling or liquidating.” – By @ArabxChain pic.twitter.com/qSN6WGK5bu
— CryptoQuant.com (@cryptoquant_com) October 16, 2025
CryptoQuant and other analytics corporations warning that transferring cash to an exchange doesn’t always equal an quick sale. Some miners could also be posting bitcoin as collateral for futures, funding operational wants, or shifting reserves between wallets for bookkeeping.
Still, the market tends to react rapidly to seen provide flows. Traders might act on that seen motion even if the cash usually are not offered instantly, growing price stress through trading habits alone.
Whales And Funds Buying The Dip
Reports have shown that large consumers have been energetic at the same time. One new pockets reportedly bought $110 million price of BTC from Binance, while another recent deal with purchased 465 BTC (about $51 million) from FalconX.
In addition, US spot Bitcoin ETFs have recorded inflows. Those consumers may soak up some of the miner-supplied cash and restrict how far the price falls.
Market Momentum Remains Fragile
After a wild week that erased large quantities of market worth, bitcoin has struggled to regain clear momentum. Based on Bloomberg data, the coin was trading close to $109,000 on Oct. 17 in Singapore.
Bitcoin had hit an all-time high of $126,250 on October 6, so the pullback has been sharp and fast. For the week to Oct. 12, bitcoin slid as a lot as 6.5%, the most important weekly fall since early March.
Analysts put a key help close to $107,000. A firm break below that degree may invite deeper losses, they warn. On the flip facet, regular shopping for by large holders and continued ETF demand may keep the market from sliding a lot additional. The tug of warfare is apparent: miners including potential provide versus big consumers taking the other facet.
Featured image from Unsplash, chart from TradingView
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