This chart shows the 14-day moving average of the Miner to Exchange Flow index along with Bitcoin price fluctuations. This index helps measure the amount of money going from miners to exchanges, assessing selling pressure from miners. Interestingly, the price of Bitcoin continuously decreases when miners transfer Bitcoin to the SPOT exchange. Recently, the index increased sharply when Bitcoin price hit the 30K USD mark, leading to a price drop to 25K USD. After that, the index dropped sharply, reaching its lowest level of the year. However, there are signs of a slight recovery in the index, miners may be more active in the next day. Therefore, traders should monitor miners' behavior, wary of strong or bearish selling activity, affecting the short-term trajectory of Bitcoin.