Despite Bitcoin being priced at an all-time high, miners are not sending BTC to exchanges for sale, which indicates that they still believe in the upward trend and are not selling. Typically, when BTC approaches an all-time high, miners transfer BTC to exchanges and sell to cover their expenses. We can confirm this by looking at the miner transfers on October 29. On that date, there was a significant inflow of BTC to exchanges, and since most of it was sold, there was no equivalent outflow
Written by theKriptolik
