Analysis: Bitcoin miners and whales selling during the uptrend may indicate a "local top."

ChainCatcher news, CoinDesk analyst Sam Reynolds pointed out that the rise of BTC to an all-time high has triggered the largest miner sell-off since April, with 16,000 BTC transferred to exchanges.

Data shows that on July 15, the inflow of Bitcoin to exchanges surged to 81,000 BTC, marking the highest single-day inflow since February, primarily driven by whales and miners: the transfer volume of 100 BTC and above jumped from 13,000 BTC to 58,000 BTC, while miner outflows reached 16,000 BTC, almost all of which were deposited directly into exchanges.

Ethereum also exhibited a similar pattern, with approximately 2 million ETH flowing into exchanges on July 16, setting the highest daily inflow since the end of February.