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.
You may also like
Large token unlocks for SUI, ENA, SANTOS, and others scheduled for next week
November was the second worst month for Bitcoin this year, with spot ETF recording a $3.48 billion outflow.
KOL reveals that last night's abnormal price crash of SAHARA was caused by its active market maker being liquidated.
Trending news
MoreCrypto prices
More
