What’s Behind The Recent Bitcoin Drop? Here’s What On-Chain Data Says

Bitcoin on-chain data hints that selling from the miners may have been behind the latest plunge in the asset’s price below the $28,000 mark.
Bitcoin Miners Have Shown Signs Of Selling Recently
As pointed out by an analyst in a CryptoQuant post, miners had been putting on some selling pressure on Bitcoin while the decline had happened. A relevant indicator here is the “miner netflow,” which measures the net amount of Bitcoin entering into or exiting the wallets of all miners.
Wh