CryptoQuant: 25,367 BTC flowed out of miner wallets as Bitcoin approached $90,000
CryptoQuant data shows that on November 12th, as Bitcoin approached $90,000, 25,367 BTC flowed out of miner wallets. At the time, the total value of Bitcoin outflow was about $2.2 billion. At the same time, CryptoQuant pointed out that Bitcoin miner outflow statistics do not necessarily mean that miners are selling their BTC. Miners transfer assets to external addresses for various reasons. Possible scenarios for these fund outflows include transferring funds to exchanges and possibly using them for sales, as well as transferring within internal wallets.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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