The Miner to Exchange Flow (Mean) on Binance continues to fluctuate within its typical range, with no signs of the prolonged spikes that have been observed during certain periods in the past.

Although the indicator still records short-term spikes, most of them quickly return to their average levels. This suggests that transfers of $BTC from miners to exchanges have not yet developed into a sustained or aggressive selling trend.

At present, the indicator continues to reflect a relatively balanced state between miners' profit-taking activity and the market's ability to absorb the incoming supply. As a result, Miner to Exchange Flow is not yet signaling a meaningful increase in selling pressure from miners.

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Written by Rei Researcher