Bitcoin (BTC) experienced a mild sell-off yesterday, hitting a daily low of $100,372 on Binance crypto exchange. However, recent on-chain data suggests the price slump may persist, as BTC miners continue transferring coins to exchanges at unprecedented levels.

Bitcoin Miners-To-Exchange Transfers Hit Record High

According to a recent CryptoQuant Quicktake post by contributor CryptoOnchain, the total realized inflow from Bitcoin miners to exchanges has surged to historic highs. This spike likely contributed to the recent price tumble from the mid-$100,000 range.

For the uninitiated, Bitcoin miners’ total realized inflow to exchanges measures the actual amount of BTC that miners have transferred from their wallets to cryptocurrency exchanges. A sharp rise in this metric typically signals

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