Miner treasury behaviour is the cleanest supply signal left
Public miners have shifted from selling production to financing it — a change visible in wallet flows before it appears in filings.
InfoKoin Markets Desk1 min readen
Production sales have fallen as listed miners lean on equity and convertible issuance instead, leaving less structural sell pressure on spot.
Wallet flows show the shift weeks before quarterly filings confirm it, which is what makes the series worth tracking.
miningsupplyon-chain