CryptoQuant: 25,367 BTC Out of Miner Wallets as Bitcoin Approaches $90,000
2024-11-14 11:34:40
Data from CryptoQuant shows that on November 12, 25,367 BTC flowed out of miners' wallets as Bitcoin approached $90,000. At the time, the total value of the Bitcoin outflow was around $2.20 billion. Meanwhile, CryptoQuant notes that the Bitcoin miners outflow statistic does not necessarily mean that miners are selling their BTC. Miners move assets to external addresses for a variety of reasons. Possible scenarios for these outflows include transferring funds to exchanges and possibly for sale, as well as internal wallet transfers.
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