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..."
This article is 3 years old. The information presented may be outdated.
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.
2 min read
Updated: Jun. 30, 2023 at 12:53 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
