Bitcoin Miners Send 19,866 BTC to Binance in Largest Reported Inflow Since Aug. 25
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Key points of the CryptoQuant News registered 19,866 BTC moving from wallets linked to miners to Binance on September 21, the largest revenue of this type since August. Bitcoin remained close to $85,400 despite the possible increase in the supply available. Historical data indicate that similar transfers of large size were ... Read more
Bitcoin Miners Move 19,866 BTC to Binance as Price Holds at $85,400
Bitcoin miners sent 19,866 BTC to Binance on September 21. The price didn’t flinch. That’s the short version. The longer… Read the original on Bitcoin Miners Transfer 19,866 BTC to Binance, Price Holds Steady at $85,400. For more crypto news and analysis, visit TheCurrencyAnalytics.com.
The accounts associated with miners sent 19,866 bitcoins to Binance on September 21, at the highest peak since August, but Bitcoin remained close to $85,400. The episode may reflect a partial monetization of mining production and shows that a transfer of this size does not in itself imply a collapse of the market.
Bitcoin's flows from the miners to Binance reached 19.866 BTC on 21 September, reaching the threshold of 20,000 BTC for the first time since the rebound recorded on 25 August, when the entries exceeded 25,000 BTC, according to a recent analysis by CryptoQuant. The movement puts the focus back on [...] Bitcoin's Miners entry sent almost 20,000 BTC to Binance: sign of sale? was first published in Cryptoreport.
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