Bitcoin (BTC) is holding above $76,000 as miner deposits to exchanges fall to roughly 8,138 transactions, one of the lowest readings ever recorded.
Miner Deposits Collapse
The figure was flagged in a fresh Arab Chain report citing CryptoQuant data. In late 2025, the same metric routinely topped 100,000 transactions during peak sessions.
Miners are also moving smaller amounts when they do transfer coins. The shift suggests deliberate restraint, not seasonal noise.
BTC last traded near $77,000, with the breakout above the $73,000 to $74,000 zone now acting as support.
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Analysts Read The Setup
The Arab Chain report offers two readings, and both point the same way short term. Miners may be holding for higher prices, or they may be accumulating with conviction. Either path thins the overhead supply that recoveries usually have to absorb.
That matters as BTC pushes toward the $82,200 short-term holder cost basis, the breakeven zone for recent buyers. With miner flows quiet, the path up faces less friction than at any comparable point this year.
The wider on-chain picture echoes that view. Exchange reserves sit near 2.43 million BTC, a seven-year low, while whales added roughly 270,000 coins over the past month. Bitcoin entered April near $71,600, dipped to the low $60,000s in February, and has since clawed back to the mid-$70,000s.
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