Bitcoin miners transferred another $19,560, weighing down the spot market $BTC Go to Binance. This is the fourth largest $BTC Fund inflows to the exchange have been increasing since February, indicating that the current price range is putting pressure on mining companies.
Bitcoin miners accelerated exchange deposits in June, adding an additional 19,560 deposits $BTC. The recent wave of deposits is 23,000 $BTC Early this month.
According to Amr Taha, an analyst at Cryptoquant, the recent inflows go beyond routine money transfers and are a significant on-chain event. Miners strongly prefer Binance, with minimal inflows to Coinbase, HTX, OKX, Kraken, Bybit, Gemini, or other exchanges.
The influx occurred as follows $BTC It remained at just under $60,000. The coin then gained 55.8% and rallied to $60,019.25. According to F2Pool, one of the largest miners. $BTC The situation has worsened significantly over the past week.
⛏️ Recent indicators show a tougher environment for #Bitcoin miners:
Difficulty: +7.15%
$BTC Price change (7 days): -7% (~$60,000)
Revenue per day: < $0.03/TCurrently, a Bitcoin ASIC with a unit power of 19.5 W/T is operating close to the break-even point.
See the full list here:… pic.twitter.com/66r11YxhtP
— f2pool 🐟 (@f2pool) June 29, 2026
Transferring to an exchange does not mean that your coins will be sold. This could mean that miners can take advantage of the spot market if prices are favorable. Two large inflow events in June suggest that miners are still actively managing their reserves.
For now, it is still uncertain whether the influx of miners will continue. $BTC Aiming for stabilization and recovery to high price range. Close attention will be paid to whether there are any signs of physical selling in foreign exchange reserves. In the past two weeks spot whale trading This suggests that some miners may be adding to the downward pressure on the trade.
Which miners are the most active sellers?
The influx of miners last month came from a specific pool. On June 2nd, Antpur and several other companies made large deposits. Antpool has also been deposited $BTC June 28th and 29th.
The most active depositors are $BTC.comoperates 0.46% of Bitcoin hash rate. Major block producers such as F2Pool, Binance Pool, and Antpool still hold coins.
all $BTC Miners work under distress conditions. hash ribbon indicator. However, individual costs vary depending on access to electricity and available mining centers. The Bitcoin network is not exhibiting a capitulation spiral and is within normal seasonal fluctuations.
Miners are not the biggest source of spot selling pressure, as spot retail and aging whales are among the most active sellers. Nevertheless, miners are being monitored more closely overall $BTC Sentiment and its long-term outlook. Compared to recent retail sales, minor sales remain strategic. 55,000 $BTC I’m at a loss.
intention $BTC Will mining stocks recover?
largely $BTC mining stocks The past month and year so far are green. This stock price is likely supported by its still active mining site, which is considered a prime location for AI computing and data centers.
IREN (Nasdaq:IREN) was one of the biggest losers over the past month, erasing 25.70% of its value. IREN fell more than some pure mining companies and ultimately short seller.
Miners also $BTC Build your network, even at their expense. Even if it is the most advanced, mining machine The main difference is access to cheap power contracts and infrastructure, as they make little profit.
Despite recent increases in oil prices, miners have expressed some confidence in continuing operations. $BTC difficulty June 29th.
