Total Miner-to-Exchange Inflows
- 1M1M
- 3M3M
- 6M6M
- 1Y1Y
- ALLALL
- LinearLinear
- LogLog
About this metric
What it measures
Total Miner-to-Exchange Inflows sums the BTC transferred from identified miner addresses into tracked exchange addresses each day. It is a gross daily flow in BTC: withdrawals from exchanges and miner transfers to other destinations are not subtracted.
How to read it
A rising flow means more miner-held BTC is reaching exchanges, where it may become available for trading or collateral. Lower values indicate less direct miner supply arriving there. The recorded daily peak was about 17,966 BTC on November 17, 2014, well above the full-history median of roughly 253 BTC.
A deposit does not confirm a sale, and a miner can settle through intermediaries without a directly identified miner-to-exchange transfer. Pool operations and changes in address labels affect coverage; compare with miner net flow to distinguish exchange deposits from the wider movement of miner balances.
- Frequency
- Daily (UTC 00:00)
- Asset
- BTC
- Category
- Transfers & Transactions
- Type
- Single value
- Unit
- BTC
- Data since
- 2011-08-17
- Latest data
- 2026-10-27
- Data points
- 5,551
FAQ
Is total miner-to-exchange inflow cumulative?
No. Total means the BTC amount summed across tracked miner-to-exchange transfers within each day, not the sum since the series began.
Does a miner exchange deposit prove that newly mined BTC was sold?
No. The deposit can involve older holdings, collateral or operational transfers, and the chain does not reveal a subsequent trade inside the exchange.
Why can miner-to-exchange inflows exceed new Bitcoin issuance?
Miners can transfer BTC accumulated over many days or years. This measures transferred holdings, rather than just the coins newly created that day.
