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Miners are still facing the worst of the crypto market’s turmoil, with profits down by 80% from top levels.
The post Bitcoin records the largest miner outflow to wallets in 2 years appeared first on CryptoSlate.
Analyzing miner-to-exchange flows is crucial for understanding market sentiment, particularly when evaluating whether miners are liquidating or accumulating. A surge in Bitcoin inflows to exchanges has historically preceded an increase in sell orders, often leading to price slumps as the selling pressure increases. On June 3, miners transferred a considerable volume of BTC to exchanges, […]
The post What’s going on behind the scenes of June’s massive miner outflow? appeared first on CryptoSlate.
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