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33,860 $BTC worth more than $1B sent to exchanges. According to the report, up to 90% #BTC is sent to derivatives exchanges. Crypto Quant thinks that miners are hedging the price out of fear of large fluctuations in the near future. However this study contains many holes as many exchanges include spot + derivative. #BTC #bitcoin

33,860 $BTC worth more than $1B sent to exchanges. According to the report, up to 90% #BTC is sent to derivatives exchanges.

Crypto Quant thinks that miners are hedging the price out of fear of large fluctuations in the near future.

However this study contains many holes as many exchanges include spot + derivative.

#BTC #bitcoin

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