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Binance: Bitcoin miners record longest streak of net selling since 2017

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Binance released its market insights for July, including:

1. In June, the cryptocurrency market experienced a significant downturn, with the total market value eventually falling by 11.4%. BTC fell sharply as Mt. Gox announced in July that it would repay more than 140,000 BTC, and the US and German governments were transferring large amounts of BTC to centralized exchanges, exacerbating negative sentiment in the market.

2. Since November 2023, miners have been net selling Bitcoin, marking the longest continuous net selling period since 2017, resulting in miners' Bitcoin balances falling to the lowest level in 14 years.

3. The activity of the TON ecosystem has continued to increase in the past month, with the number of daily active addresses reaching a historical high of nearly 578,000 on June 14th.

4. BNB is one of the strongest performing exchange-related tokens this year, rising by 86.4% so far this year.

5. EigenLayer's market dominance has dropped to a low of 92.2%, indicating increased competition in the staking field. Symbiotic, supported by Karak and Paradigm, has achieved significant growth despite its smaller scale.

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