12-06-2023 13:42 via newsbtc.com

Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever

On-chain data shows that Bitcoin miners may have been selling at a historical rate recently, something that could be bearish for the asset’s price.
Bitcoin Miner Inflow To Exchanges Has Registered A Spike Recently
According to data from the on-chain analytics firm Glassnode, miner exchange inflows hit a peak value of $70 million recently. The “miner inflow to exchanges” is an indicator that measures the total amount of Bitcoin that miners are transferring to the wallets of all
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