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](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/06/bitcoin-miner-1.jpg&w=70&h=37&q=75)
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.
![Bitcoin miners sent 260% of their daily revenue to exchanges](https://cryptoslate.com/wp-content/uploads/2023/06/bitcoin-miner-1-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.