The Netflow Bar Chart Reveals: Bitcoin Miners Bet on Continuous Decline

The latest data shows a clear dynamic in the Bitcoin market. The miner Netflow bar chart on Binance displays a striking pattern: predominantly negative bars dominate the scene, signaling a specific strategy by miners. Unlike previous periods when they held positions waiting for higher prices, they are now actively liquidating their holdings as the market continues to decline.

Negative Signals in the Bar Chart: What the Netflow Data Indicates

This behavior is not random. The Netflow bar chart reveals a clear intention: miners are seeking immediate liquidity without waiting for price recoveries. This forced liquidation due to operational costs increases the natural supply in the market. When this supply is not absorbed by ETF flows and spot buyers, downward pressure on prices intensifies significantly.

Currently, Bitcoin is trading around $68,410, with a 1.75% increase in the last 24 hours. Despite this small recovery, the overall context remains challenging. The pattern observed in the miners’ bar chart strongly suggests that this rebound will be used as a selling opportunity, not a sign of a durable reversal.

MPI and Stable Distribution: Miners Are Not Panicking

The Miner Position Index (MPI) is currently at +1.1, indicating a specific dynamic. We are not seeing aggressive accumulation or frantic panic selling. Instead, there is a steady and controlled distribution. This pattern is typical of markets in established downtrends.

Normally, price levels between $75-76K would be interpreted as strong potential support under normal market conditions. However, for a genuine price reversal, we would expect the MPI to turn negative and the Netflow to shift to positive. Since neither condition is occurring, miners do not see this price range as a market bottom. The current strategy is tactical: using any rebound to liquidate new positions.

Why Binance Stands Out in Miner Indicators

The clarity with which miner behavior appears in Binance data is no coincidence. The platform continues to offer the deepest liquidity in the market and the most efficient price discovery mechanism available. To manage large-scale sales and minimize price impacts, Binance remains unmatched.

This primacy is reflected in Bitcoin’s dominance over altcoins, which tend to underperform in such periods. Miner data on Binance acts as a reliable thermometer for understanding real market dynamics, providing insights that smaller platforms simply cannot deliver with the same clarity and precision.

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