Did Miners Cause Bitcoin Price Correction?
✅ According to CryptoQuant, since November 12, when Bitcoin price exceeded $90,000, Bitcoin miners have transferred more than 45,000 BTC to exchanges, worth more than $4 billion.
While such outflows do not always mean selling, this wave of transactions coincided with a short-term correction in Bitcoin price.
✅ Bitcoin is currently trading around $88,000 and it is likely that large transfers from miners were the cause.