According to CryptoQuant analyst joaowedson's analysis, Bitcoin miners transferred a total of 166.2 billion US dollars worth of Bitcoin to CEX between 2023 and 2024, with most of it happening in 2024 and only 48 billion US dollars worth of Bitcoin being withdrawn. Joaowedson said that such a large transfer by Bitcoin miners is unprecedented, making them the largest sellers in the cryptocurrency market.
Bitcoin miners transferred $166.2 billion worth of Bitcoin to CEX in the past two years, and only wi
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