Bitcoin miners transferred more BTC to exchanges over the past week than at any point in the past five years, according to data from Glassnode.
The blockchain analytics firm reported that the 7-day moving average hourly chart for BTC miners showed that their exchange flow reached a 5-year high of 55.068 BTC.
Bitcoin Miners’ Balance
Despite the rate of fund flow from miners to exchanges, miners are still holding 1.829 million BTC (around $49 billion), according to data from Glassnode.
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Author: Oluwapelumi Adejumo
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