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BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
BTC $96,420 +2.34% ETH $3,280 +1.82% SOL $185.40 -0.92% BNB $642.50 +0.45% XRP $2.18 +3.12% DOGE $0.082 -1.50% ADA $1.05 +0.80% AVAX $42.10 +1.15%
05/28/2026

Bitcoin Miner Inflows to Binance Surge as BTC Faces Downside Pressure

What happened: Miner inflows of bitcoin to Binance have risen sharply, coinciding with weakening spot demand and an uptick in newly opened short positions.

Bitcoin Miner Inflows to Binance Surge as BTC Faces Downside Pressure

What happened: Miner inflows of bitcoin to Binance have risen sharply, coinciding with weakening spot demand and an uptick in newly opened short positions. This dynamic is contributing to downside pressure on bitcoin’s price, raising concerns about a possible test of the $70,000 level.

Why it matters: Increased miner selling often reflects a lack of confidence in near-term price stability. Coupled with rising shorts, this pattern can accelerate downward moves and challenge key support levels.

Source: Cointelegraph