The digital asset market recently witnessed a notable surge in the flow of bitcoin from bitcoin miner wallets to spot exchange platforms, marking the highest volume since May 16, 2023.
This event was flagged by CryptoQuant’s analysis, which reported the move of over 4,000 BTC worth around $173 million, flowing from miner wallets to exchanges on January 29.
Bitcoin miner to exchange flow — Source
Despite the massive selling pressure from miners, the market has exhibited resilience, with bitcoin trading above $42.5k and maintaining a steady 7% weekly surge.
Bitcoin Miners’ Wallet Outflows: Detailed Analysis
CryptoQuant’s on-chain intelligence platform has highlighted the stability of…
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