Analysis: The significant decrease in the number of Bitcoin miner deposit transactions indicates a reduction in selling pressure.

CoinFeed reported on April 28th that, according to CryptoQuant analyst Arab Chain, the number of Bitcoin miner deposit transactions has declined significantly recently, currently standing at approximately 8,138 transactions, one of the lowest levels in history. This figure exceeded 100,000 transactions at the end of 2025, reflecting a large influx of Bitcoin deposits by miners, typically associated with selling intentions or profit-taking. However, since the beginning of 2026, this indicator has been on a downward trend, with peaks no longer being as pronounced. The current selling pressure on Bitcoin miners has significantly eased, potentially providing additional support to the market. The decline in transaction volume not only indicates a reduction in deposit amounts but also suggests a decrease in the frequency of transfers to exchanges, reflecting a more conservative approach from miners.