Prominent on-chain analyst Ali Martinez highlighted that approximately $4 billion worth of Bitcoin (BTC) $107,208 was withdrawn from crypto exchanges during the second week of December. He emphasized that this movement could significantly impact market dynamics.

Bitcoin Miners Sold 140,000 BTC

According to CryptoQuant data, Bitcoin balances on exchanges continue a downward trend. Martinez pointed out potential reasons behind this substantial withdrawal. Investors may be moving their BTC to more secure wallets or intending to hold for the long term, which could be influencing this action.

Simultaneously, selling pressure from miners could lead to market fluctuations. In the first half of December, miners sold a total of 140,000 BTC, amounting to approximately $13.72 billion. Despite the miners’ selling activities, Martinez noted that Bitcoin’s price continued its upward trajectory, with BTC trading at $105,331, reflecting a 5.7% increase on a weekly basi…