CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

Crypto Potato 2025-06-26 23:55:01

BTC.com Mining Pool Drives 98% of Bitcoin Miner Flows to Binance

The BTC.com mining pool currently dominates miner flows to Binance, as it now accounts for nearly 98% of all BTC transfers from miners to the exchange. This trend provides critical insight into miner behavior, according to the latest report by CryptoQuant. Bitcoin Miners Show Patience Historically, BTC.com increases its outflows to Binance when Bitcoin’s price rises, indicating strategic profit-taking at local tops. On the other hand, when flows drop, it reflects growing miner confidence, as they choose to hold their Bitcoin rather than sell. Interestingly, despite Bitcoin trading above $100K in recent months, BTC.com’s flows to Binance have sharply declined. This suggests that miners are anticipating further price appreciation and are reducing selling pressure, potentially supporting a more sustained rally. “Miners are among the smartest players in the market. Watching their moves helps us understand where we are in the cycle.” Zooming out, a deeper look at network-level data reveals a “seasonal” trend. Hash Rate Seasonality The latest development comes as Bitcoin briefly fell below $100,000 this weekend after reports emerged of a US strike on Iranian nuclear sites, dropping to $98,000 in a swift response to geopolitical tensions. However, the dip was short-lived, as the crypto asset rebounded by early Monday. Despite the recent price milestones, Bitcoin’s on-chain transaction fees remain weak, as per the latest observation by Digital Mining Solutions. In 2025, fees have consistently accounted for less than 1% of the total block reward and have failed to offset the halving-induced subsidy cuts. This weak fee environment means miner revenue, or hash price, is tightly correlated to Bitcoin’s price. When BTC falls, hashprice drops nearly in sync, with minimal fee support to cushion the decline. Bitcoin’s network hash rate has been highly volatile this year, and has seen several record highs and sharp drops. It peaked at 950 EH/s in mid-June before plunging to 827 EH/s – a 13% decline. This pattern of surges followed by steep corrections has been consistent, with seasonal factors playing a role. With around half of US mining centered in Texas, heatwaves and energy curtailments in the summer often cause hash rate dips. The post BTC.com Mining Pool Drives 98% of Bitcoin Miner Flows to Binance appeared first on CryptoPotato .

Leggi la dichiarazione di non responsabilità : Tutti i contenuti forniti nel nostro sito Web, i siti con collegamento ipertestuale, le applicazioni associate, i forum, i blog, gli account dei social media e altre piattaforme ("Sito") sono solo per le vostre informazioni generali, procurati da fonti di terze parti. Non rilasciamo alcuna garanzia di alcun tipo in relazione al nostro contenuto, incluso ma non limitato a accuratezza e aggiornamento. Nessuna parte del contenuto che forniamo costituisce consulenza finanziaria, consulenza legale o qualsiasi altra forma di consulenza intesa per la vostra specifica dipendenza per qualsiasi scopo. Qualsiasi uso o affidamento sui nostri contenuti è esclusivamente a proprio rischio e discrezione. Devi condurre la tua ricerca, rivedere, analizzare e verificare i nostri contenuti prima di fare affidamento su di essi. Il trading è un'attività altamente rischiosa che può portare a perdite importanti, pertanto si prega di consultare il proprio consulente finanziario prima di prendere qualsiasi decisione. Nessun contenuto sul nostro sito è pensato per essere una sollecitazione o un'offerta