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Bitcoin reserves on exchanges rose for the first time in 6 weeks, which often precedes profit taking or risk reduction.
At the same time, miner reserves fell to their lowest level since mid-2025, suggesting that miners are forced to sell BTC to cover operating costs as energy subsidies and tax breaks remain suspended during the US Government shutdown.
Meanwhile, transactions to withdraw stablecoins from exchanges have soared to record highs, signaling a shift from risky assets to safety.
Together, these three metrics - exchange reserves, miner reserves and stackcoin withdrawals - form a consistent picture: capital is moving away from risk and onchain liquidity is shrinking.
#WhichCoinsDoYouThinkArePotentialInDecember?