Crypto News

Alarm: the Miners sent back the bitcoins to the exchange

According to the platform Glassnode, since the beginning of this week, enhanced by the outflow of bitcoins from the wallets of miners.

Last week, on the contrary, dominated the trend in the accumulation of BTC from mining pools, but now the trend has changed.

Miners usually withdraw bitcoins on the exchange for sale. This factor was the main reason for yesterday’s drop in the value of the coin. Bitcoin first fell below $9500, but today dropped in price to $9139.

Analysts fear that in the coming hours course BTC will drop below the psychological mark of $9000. 23 June saw the largest outflows of cryptocurrency from mining pools. On the stock exchange Bitfinex in total were sent 2650 bitcoins.

Analyst Cole garner posted on Twitter, which announced increasing sales in the near future.

Note that the output of coins on the stock exchange does not guarantee the fall in the value of the asset. For example, in early August last year, the outflow of cryptocurrency from mining pools on the trading floor increased from 380 to 1824 BTC BTC.

However, no drop in the cryptocurrency did not happen. Bitcoin has maintained upward momentum and reached 6 of August of $12 300.


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