Bitcoin Miners Continue To Sell As Outflows Spike Again
On-chain data shows Bitcoin miners have continued their selling as outflows from their wallets have once again spiked up. As pointed out by an analyst in a CryptoQuant post, BTC miners from Poolin look to have sold big over the past 24 hours.
The “miner outflow total” is an indicator that measures the total amount of Bitcoin moving out of wallets of all miners. When the value of this metric surges up, it means miners are taking some coins out of their reserves at the moment. On the other hand, low values of the outflow suggests miners haven’t been showing much movement lately. This trend can be either neutral or bullish for the value of the coin.
Source
t.me/Mining_Crypto_Miner
