Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether
New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their $Bitcoin(BTC.CC$ positions.
14,000 bitcoin, or more than $300 million at its current price, was transferred out of wallets belonging to miners in a single day — and in the last few weeks, miners have offloaded the largest amount of bitcoin since Jan. 2021.
14,000 bitcoin, or more than $300 million at its current price, was transferred out of wallets belonging to miners in a single day — and in the last few weeks, miners have offloaded the largest amount of bitcoin since Jan. 2021.
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Sg-Jin : If they short btc and more apes take out their btc from centralised exchanges.
It be a MOASS.
With no way to introduce additional float unlike stonks.
Once this happens on btc I would like to see how high the green candle goes.