Bitcoin Miner Sales Surge with 81K BTC Exchange Inflows
Bitcoin miner sales surged on July 15 as miners transferred 16,000 BTC to exchanges, marking the largest daily outflow since April. At the same time, overall exchange inflows jumped to 81,000 BTC, driven by whales offloading at the all-time high near $123,000. This spike in exchange inflows may add short-term supply pressure to the market. Meanwhile, Bitcoin price is consolidating between $115,730 and $123,230, with buyers defending the $115K support and sellers testing the $123K resistance. Despite these sell-offs, on-chain indicators remain healthy and analysts view the correction as temporary. In parallel, Ether exchange deposits previously hit nearly 2 million ETH—the highest since February—after a 131% rally since April. Traders should watch for a potential pullback before the next leg up, as fundamentals remain strong entering the second half of the year.
Bearish
The surge in miner sales and record exchange inflows increases short-term selling pressure on Bitcoin price, potentially triggering a pullback. However, price consolidation within the $115K–$123K range and strong on-chain fundamentals suggest limited downside and a likely recovery in H2, balancing the immediate bearish signal.