Golden Finance reported that according to CryptoQuant’s data, on November 12th, as BTC approached $90,000, 25,367 BTC flowed out from Miner Wallet. At that time, the total value of BTC outflow was about $2.2 billion. At the same time, CryptoQuant pointed out that the BTC Miner outflow statistics do not necessarily mean that Miners are selling their BTC. Miners transfer their assets to external addresses for various reasons. Possible scenarios for the outflow of these funds include transferring funds to exchanges for possible sale, as well as internal wallet transfers.
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CryptoQuant: When BTC approaches $90,000, 25,367 BTC flows out from MinerWallet
Golden Finance reported that according to CryptoQuant’s data, on November 12th, as BTC approached $90,000, 25,367 BTC flowed out from Miner Wallet. At that time, the total value of BTC outflow was about $2.2 billion. At the same time, CryptoQuant pointed out that the BTC Miner outflow statistics do not necessarily mean that Miners are selling their BTC. Miners transfer their assets to external addresses for various reasons. Possible scenarios for the outflow of these funds include transferring funds to exchanges for possible sale, as well as internal wallet transfers.