Arab Chain
Decline in miner deposit transactions to their lowest levels
The number of miner deposit transactions has shown a clear decline in activity recently, with the current reading at approximately 8,138 transactions—one of the lowest levels on record. Late 2025 saw a surge in the number of transactions, exceeding 100,000 at times, reflecting significant activity by miners depositing Bitcoin. This is often associated with increased selling intent or profit-taking. However, since the beginning of 2026, the overall trend of the indicator has gradually declined, with peaks becoming less pronounced and the sharp spikes of the past disappearing. Meanwhile, Bitcoin is trading around $77,000, indicating that selling pressure from miners has significantly eased, which could provide additional support to the market. The decrease in the number of transactions not only signifies smaller amounts being deposited but also a reduced frequency of transfers to exchanges, reflecting more conservative behavior among miners. This could be due to expectations of further price increases or a desire to hold onto their assets. these values indicate that the market is experiencing a period of reduced selling pressure from miners, which is a positive factor in the short term, especially if market demand remains at current levels or continues to rise.