CryptoQuant: 25,367 BTC flowed out of the miner's wallet when Bitcoin was close to $90,000.
On November 14, data from CryptoQuant showed that on November 12, as Bitcoin approached $90,000, 25,367 BTC flowed out of miner wallets. At the time, the total value of Bitcoin outflows was about $2 billion. Meanwhile, CryptoQuant pointed out that statistics on Bitcoin miner outflows do not necessarily mean miners are selling their BTC. Miners transfer assets to external addresses for various reasons. Possible scenarios for these fund outflows include transferring funds to exchanges possibly for sale and internal wallet transfers.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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