According to Wu Blockchain, CryptoOnchain analysis reveals that recent on-chain data shows structural changes in the behavior of long-term holders and miners. Over the past week, miners' average outflow increased by 564%, while the inflow of 18-24 month-old coins to Binance saw a significant rise compared to the 30-day baseline. CryptoOnchain states that the simultaneous movement of old coins and miner rewards to exchanges typically indicates the market is in a distribution phase. Meanwhile, Binance's stablecoin net inflow averaged -$126 million per day, signaling insufficient spot liquidity. At the same time, Binance's funding rate rose 87% week-over-week and turned positive, suggesting speculative traders are still building leveraged long positions. They believe that until stablecoin inflows recover enough to absorb the selling pressure from miners and old coins, the market may struggle to form a clear structural bottom, and over-leveraged longs remain at risk. https://(wublock123.com)/news/btc-miner-outflows-and-old-coins-moving-to-exchanges-supply-distribution-63951