最新报道:According to CryptoOnchain, on September 13th, the value of Bitcoin (realized miner inflows) flowing into exchanges ("Exchanges") reached a historic peak of $1.87 billion on August 13, 2025, marking the largest transfer of Bitcoin value from miners in history. Two possible explanations are: · Miner capitulation under pressure: Rising operating costs and network difficulty may force miners to sell, a phase that historically coincides with cyclical bottoms; · Strategic profit taking: Some miners may lock in significant profits at local peaks in preparation for a potential correction. Regardless of the cause, the surge in realized inflows highlights the scale of the value transfer from miners to exchanges. This could create significant supply-side resistance, potentially suppressing upward momentum and increasing the likelihood of escalating market volatility.