Recent Bitcoin Miner Transfers to CEX Hit Historic Low

On April 28, data from CryptoQuant revealed that the number of recharge transactions by Bitcoin miners has fallen to one of its historical lows, currently standing at approximately 8,138 transactions. In contrast, this metric frequently surpassed 100,000 transactions by the end of 2025. The significant decline in recharge frequency indicates a more conservative behavior among miners, who may be choosing to hold onto their assets in anticipation of further price increases. The notable reduction in selling pressure from miners is viewed as a short-term positive factor, potentially weakening the market's potential sell-off.