The Silent Exodus: Why Bitcoin Miners' OTC Balances Are Shrinking and What It Really Means
On July 21, 2025, CryptoQuant analyst Axel Adler Jr. dropped a quiet bomb:...
Blockchain
•
Alextoshi
•
2026-07-22
Market Prices
BTC
Bitcoin
$78,216.8
+0.40%
ETH
Ethereum
$2,461.8
+0.66%
SOL
Solana
$105.35
+0.90%
BNB
BNB Chain
$692.4
+0.03%
XRP
XRP Ledger
$1.4
+0.56%
DOGE
Dogecoin
$0.0852
-0.04%
ADA
Cardano
$0.2017
-0.74%
AVAX
Avalanche
$7.34
+0.12%
DOT
Polkadot
$0.8415
-1.43%
LINK
Chainlink
$11.43
-0.40%
Event Calendar
202618
03
unlock
Sui Token Unlock
Team and early investor shares released
15
04
halving
Bitcoin Halving
Block reward reduced to 3.125 BTC
28
03
unlock
Arbitrum Token Unlock
92 million ARB released
10
05
upgrade
Ethereum Pectra Upgrade
Raises validator limit and account abstraction
30
04
upgrade
Celestia Mainnet Upgrade
Improves data availability sampling efficiency
08
04
upgrade
Solana Firedancer
Independent validator client goes live on mainnet
22
03
unlock
Optimism Unlock
Circulating supply increases by about 2%
12
05
halving
BCH Halving
Block reward halving event
Tools
All →Popular Categories
Altseason Index
41
Bitcoin Season
BTC Dominance
Altseason
Market Cap
All →| # | Coin | Price |
|---|---|---|
| 1 |
Bitcoin
BTC
|
$78,216.8 |
| 1 |
Ethereum
ETH
|
$2,461.8 |
| 1 |
Solana
SOL
|
$105.35 |
| 1 |
BNB Chain
BNB
|
$692.4 |
| 1 |
XRP Ledger
XRP
|
$1.4 |
| 1 |
Dogecoin
DOGE
|
$0.0852 |
| 1 |
Cardano
ADA
|
$0.2017 |
| 1 |
Avalanche
AVAX
|
$7.34 |
| 1 |
Polkadot
DOT
|
$0.8415 |
| 1 |
Chainlink
LINK
|
$11.43 |
🐋 Whale Tracker
🔵
0x96c1...a85b
3h ago
Stake
1,573.49 BTC
🔵
0x0f2a...be8d
12h ago
Stake
1,831.36 BTC
🔴
0x1e84...d59f
3h ago
Out
50,641 BNB
#OTC
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Fear & Greed
69
Greed
Market Sentiment
Trending
Gas Tracker
Ethereum
28 Gwei
BNB Chain
3 Gwei
Polygon
42 Gwei
Arbitrum
0.5 Gwei
Optimism
0.3 Gwei
💡 Smart Money
0xde2c...3a41
Top DeFi Miner
-$0.4M
71%
0x4299...0882
Institutional Custody
-$4.7M
83%
0x9e44...307f
Market Maker
+$4.2M
82%