Crypto miners moved over $300 million of bitcoin in one day, and some are dropping out altogether

(CNBC) New data from blockchain analytics firm CryptoQuant shows that miners are rapidly exiting their bitcoin positions. 14,000 bitcoin, worth more than $300 million at its current price, was transferred out of wallets belonging to miners in a single 24-hour period at the end of last week — and in the last few weeks, miners have offloaded the largest amount of bitcoin since Jan. 2021. The phenomenon is called “miner capitulation,”

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.