Woofun AI data shows that Bitcoin miner outflows increased by 564% over the past week, accompanied by a significant rise in inflows of coins aged 18 to 24 months on Binance compared to the 30-day baseline. CryptoOnchain indicated that simultaneous flows of miner rewards and old coins to central exchanges typically mark a distribution phase.

Binance recorded a net daily stablecoin inflow of -$126 million, reflecting insufficient on-chain liquidity.

Meanwhile, the exchange's funding rate rose 87% weekly and turned positive, indicating speculative traders are accumulating leveraged long positions despite the selling pressure.