Here's a teaser: "Recent on-chain data unveils a massive sell-off among Bitcoin miners, with a shocking 260% of their daily mining revenue transferred to exchanges. This unusual spike, significantly surpassing previous records, is mainly attributed to one of the largest Bitcoin mining pools - Poolin. But why has Poolin's selling activity seen such a substantial increase? And what does this concentrated selling activity suggest about the Bitcoin market? The answer may surprise you..."
Bitcoin miners sent 260% of their daily revenue to exchanges
A small drop from the all-time high on June 22, when miners sent an equivalent of 315% of their daily mining revenue to exchanges.
Marathon Digital Holdings is a digital asset technology company that mines cryptocurrencies with a focus on the blockchain ecosystem and the generation of digital assets.More about Marathon Digital Info Twitter LinkedIn
Luxor is a US-based compute power company focused on Proof-of-Work Bitcoin mining and compute.More about Luxor Info Twitter LinkedIn
Foundry is a subsidiary of Digital Currency Group that was created to meet the institutional demand for better capital access, efficiency and transparency in the digital asset mining and staking industry.More about Foundry Info Twitter LinkedIn