"The $209 million BTC transfer from miners to exchanges coin

--・8.1k views

See original

"The $209 million BTC transfer from miners to exchanges coincided with BTC falling from $70,000 to $66,000. 😲📉 Marathon Digital has sold 1,400 bitcoins worth $98 million since the beginning of June. OTC volume also reached a two-month high. 😱💰 Transfers to exchanges reached a two-month high this week as miners' Bitcoin selling activity hovered around BTC's local high of $70,000. Miners sold via OTC desks to cash out their assets after the drop in daily mining revenue following the Bitcoin halving. 🚀💸 The previous day, miners sent more than 3,000 BTC ($209 million) to exchanges, mostly from the btc.com mining pool to Binance. This increase in transfers coincided with a temporary correction in which Bitcoin fell from $70,000 to $66,000. However, it recovered again after a few days. 🎢📈 Selling activity among Bitcoin miners in the US has also increased. Marathon Digital (MARA) has sold 1,400 BTC ($98 million) since the beginning of the month. 😎💪 According to the report, miners' daily revenue dropped to $35 million, which is a 55% decline from the peak of $78 million in March. This decrease in revenue can be attributed to lower transaction fees post-halving. 📉😅 So what do you think? We are waiting your comments! 👇👇"

"The $209 million BTC transfer from miners to exchanges coincided with BTC falling from $70,000 to $66,000. 😲📉
Marathon Digital has sold 1,400 bitcoins worth $98 million since the beginning of June. OTC volume also reached a two-month high. 😱💰
Transfers to exchanges reached a two-month high this week as miners' Bitcoin selling activity hovered around BTC's local high of $70,000. Miners sold via OTC desks to cash out their assets after the drop in daily mining revenue following the Bitcoin halving. 🚀💸
The previous day, miners sent more than 3,000 BTC ($209 million) to exchanges, mostly from the btc.com mining pool to Binance. This increase in transfers coincided with a temporary correction in which Bitcoin fell from $70,000 to $66,000. However, it recovered again after a few days. 🎢📈
Selling activity among Bitcoin miners in the US has also increased. Marathon Digital (MARA) has sold 1,400 BTC ($98 million) since the beginning of the month. 😎💪
According to the report, miners' daily revenue dropped to $35 million, which is a 55% decline from the peak of $78 million in March. This decrease in revenue can be attributed to lower transaction fees post-halving. 📉😅
So what do you think? We are waiting your comments! 👇👇"