PANews reported on January 5th that the inflow of BTC into the exchange (the total amount of BTC transferred to the exchange) and the outflow of BTC from miners (the amount of BTC miners sent to the exchange) have dropped significantly since November 2024, indicating a reduction in dumping pressure. According to CryptoQuant data, after experiencing a peak in exchange inflow activity for about two months, the inflow of BTC into the exchange reached a peak of 98,748 BTC on November 25, 2024. In December 2024, the inflow of BTC into the exchange decreased, with the total number of BTC sent to the exchange ranging from 11,000 to 79,000 per day. The decrease in exchange inflow is accompanied by a decrease in miner outflow, indicating a reduction in the dumping pressure of BTC miners, who often dump their BTC holdings to pay for operating expenses. Since Trump's victory in November, BTC has pumped, and miners' outflows have been declining since they began to profit. CryptoQuant data shows that on November 11, the outflow of BTC reached its peak, with miners sending 25,367 BTC to the exchange when the price of BTC reached around $88,000. On January 1, 2025, miners sent 5,489 BTC to the exchange, followed by 5,748 BTC on January 2, and 2,133 BTC on January 3.