This article is about blockchain, trading, and technology news. Here is the summary:

Bitcoin miners are withdrawing large amounts of BTC from their wallets as the cryptocurrency’s price continues its upward trend. According to CryptoQuant data, there were 25,367 BTC withdrawals from mining pools on November 12. These withdrawals are considered profit taking in preparation for the market cycle.

Analyst Avocado_onchain notes that miners usually realize their profits when the market rises. However, this shows that Bitcoin continues to have growth potential due to its high hash rate and mining difficulty.

It is stated that these withdrawals do not mean sales, but transfers to different addresses. Ryan Lee from Bitget Research predicts that November is historically the best month for Bitcoin and that the price could reach $100,000. Do you think Bitcoin can reach these levels? We are waiting for your comments.