According to online reports, CryptoQuant community analyst Darkfost said that whale activity in Binhang is showing signs of decline. He pointed out that the exchange whale ratio, a measure of the proportion of inflows from the top 10 exchanges to total inflows, is declining, indicating that whales seem to be reducing their selling pressure and the amount of bitcoins sold is starting to decrease. However, Bitcoin miners may become a new source of selling pressure, and analysts believe that miners are experiencing situations similar to those after the most recent Bitcoin difficulty adjustment, usually before miners surrender.