Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years

Quick Take

  • The total daily amount of Bitcoin transferred from miners to exchange wallets hit a two-year high yesterday.
  • The transaction occurred between the mining pool, Poolin, and Binance.
  • This does not necessarily mean that the Bitcoin was sold; it only means that it was transferred.
  • CryptoSlate has been monitoring Poolin since it experienced a liquidity crisis beginning in September 2022.
  • During that crisis, the overall balance in Poolin’s BTC wallets sank from 24,000 to 6,000.
  • The pool surged to 13,000 BTC last week and now sits at 10,000.
  • Poolin experiences a great deal of volatility, and therefore CryptoSlate continues to monitor it closely.

Miners to exchanges: (Source: Glassnode)

Miners to exchanges: (Source: Glassnode)

Miner Balance: (Source: Glassnode)
Miner Balance Poolin: (Source: Glassnode)

The post Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years appeared first on CryptoSlate.

Read Entire Article


Add a comment