+$38MM yesterday is about BTC900 inflow, which is down from about BTC4,5k inflow the day before, but still currently sucking up all of the newly minted BTC worldwide, even if inflows will further fall 50% it'll still be eating up all of the new BTC in 2,5months with nothing left for the rest of the world ...
Even though about 900 BTC will be mined per day, and in a few months it will be only 450 BTC, it actually means almost nothing in the big picture. Miners sell only what they need to cover costs, and even if they sell everything they mine (27 000 BTC) per month on the market, it would not play a big role considering that we have at least 2+ million BTC on the market which are for sale.
Disagree, volume and/or bitcoins on exchanges is an entirely different thing. It changes with the mood of the day. But when guaranteed supply reduces, miners sell most of their coins to cover costs, it has to affect price. We have ~20 million USD (450 BTC)
per day changing direction, it moves from being dumped into the asks to the bids.