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26 July 2021

Bitcoin On-chain Data Suggests Huge Outflow From Miners

Bitcoin On-chain Data Suggests Huge Outflow From Miners


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Bitcoin On-chain Data Suggests Huge Outflow From Miners.

Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges.

As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners.

Here is a chart that illustrates the trend in all miners BTC outflow over the last one year:.

As miner outflows only show how much Bitcoin was transferred by miners to exchanges, it’s not possible to tell how much of it was actually sold off.

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