📉 The collapse of the pie may be related to the old miners cashing in their profits
Last night, Bitcoin prices briefly rose to around $69,000, but then quickly fell back to $62,000. On-chain data revealed a movement worth approximately $69 million: 1,000 Bitcoins were transferred to Cb, and these addresses belonged to old miners of more than ten years.
💰 Old miners cash out or trigger large-scale transactions
This large transfer is likely to be an old miner who has held Bitcoin for a long time and chose to cash out part of his profits. Such transactions often trigger market volatility, especially when prices are close to all-time highs, and miners may be tempted to lock in some of their gains.
🔄 Market correction is closely related to miner behavior
In the digital asset market, large transactions often trigger market corrections or fluctuations. As important participants in the market, miners' redemption behavior may have a greater impact on the market, especially when prices are relatively high.
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