Bitcoin miners have moved over 45,000 BTC to exchanges since Nov. 12, as the cryptocurrency’s price passed $90,000. On Nov. 12, around 24,138 BTC were offloaded, marking the second-largest daily outflow this year. The next day, miners moved an additional 15,840 BTC as Bitcoin reached a new record high above $93,000.
In total, 45,000 BTC worth over $4 billion have been transferred. These large transfers may indicate a potential intent to sell, but in some cases, miners transfer BTC to external addresses for operational needs or internal wallet restructuring. This activity coincides with a brief correction in Bitcoin’s price, which dipped below $90,000 and is currently trading around $87,000.
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<p>The post Bitcoin Miners Shift 45,000 BTC to Exchanges Amid Price Surge. first appeared on CoinBuzzFeed.</p>
