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CryptoQuant: The volume of Bitcoin transfers from mining pools to exchanges this week has reached its highest level in two months

CryptoQuant: The volume of Bitcoin transfers from mining pools to exchanges this week has reached its highest level in two months

Bitget2024/06/12 23:10
BTC+0.41%

According to a report by Golden Finance, based on CryptoQuant's data, transfers from Bitcoin (BTC) mining pools to exchanges reached their highest level in two months this week due to BTC hovering around $70,000. The halving of Bitcoin has led to a decrease in daily mining income, and miners hope to profit by selling Bitcoins through over-the-counter (OTC) platforms. On June 10th, miners sold at least 1,200 bitcoins, setting the highest daily trading volume in two months. Since the beginning of June, Marathon Digital has sold 1,400 bitcoins worth $98 million. The report added that miners' daily income is $35 million, down 55% from the peak of $78 million in March.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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