Miner to Exchange

Definition ∞ Miner to Exchange refers to the movement of cryptocurrency from a miner’s wallet directly to a centralized exchange. This on-chain transaction often indicates an intent to sell the digital assets, contributing to potential selling pressure in the market. Tracking these transfers helps analysts assess the immediate supply dynamics.
Context ∞ The flow of cryptocurrency from Miner to Exchange wallets is a key metric for understanding potential market supply and short-term price movements. A key discussion involves distinguishing between transfers for immediate sale and those for operational liquidity or other purposes. Future developments in on-chain analytics aim to provide more accurate interpretations of these specific transaction types.