Bitcoin miners have moved more than 50,000 BTC to Binance since the start of August, a transfer pattern that traders often watch for signs of rising near-term supply. Arab Chain, a blockchain analytics firm, said miner-to-exchange flows accelerated over the past three days, with one day topping 8,000 BTC, and said miners may be covering operating costs, managing liquidity or positioning coins for sale. The firm said exchange transfers can also be tied to OTC transactions, collateral management or broader treasury operations, so on-chain data alone does not confirm immediate selling. The activity comes as Bitcoin remains range-bound and investors weigh macroeconomic data, ETF flows and regulatory developments alongside blockchain signals.