Tough bear market in 2022 bitcoinWhile it caused the . Because in 2022, due to rising costs, miners had to sell a large number of BTC, and this triggered the decline in BTC.
However BTC It has been on a strong rise since 2023 and hit above $31,000.
Although BTC could not continue the recent upward momentum, it continues to hold strongly above $ 30,000.
While this rise in BTC causes some investors to get intermediate profits by selling, others prefer to hold their BTC as they expect more rises.
In this context bitcoin studying the behavior of miners glassnodeminers to exchanges BTC Said he sent it.
Sharing on Twitter, Glassnode used the following statements:
“Miners are currently recording extremely high exchange interactions. At this point, miners are sending $128 million worth of Bitcoin to exchanges, equivalent to 315% of their daily revenue.”
#Bitcoin Miners are currently recording extremely high Exchange interaction, sending an ATH of $128M to Exchanges, equivalent to 315% of their daily revenue.
📊https://t.co/O78r5MY34f pic.twitter.com/MR5b9Au7AA
— glassnode (@glassnode) June 27, 2023
Looking historically bitcoin It seems that miners transfer Bitcoin to exchanges is usually for sale. In this context BTC miners transfer large amounts of Bitcoin to exchanges “will there be a selling wave soon?” raises the question. Because, the fact that miners start to sell BTCs transferred to exchanges may cause a decrease in the price of Bitcoin by putting pressure on the price.
*Not investment advice.
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