Thursday, June 17

CryptoQuant and Glassnode Data Shows Miners Are Selling Their Bitcoins

Analysis data from CryptoQuant and Glassnode shows that miners are starting to cash out their Bitcoin (BTC). In addition, the biggest Bitcoin outflow of this year took place from the Poolin pool.

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Data provided by the CryptoQuant analytics platform and Glassnode shows that Bitcoin miners are increasing their sales, with the Poolin miner pool selling the largest amount of BTC ever this year.

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While Bitcoin continues to fall, miners continue to sell Bitcoins. All charts about Bitcoin miners exits are showing an increase. Finally, on June 3rd, 3012 tokens were moved from the wallet of the Poolin mining pool. This is equivalent to $119,916,822 at the current exchange rate of the largest digital currency. The CIO of Moskovski Capital described this BTC outflow as the biggest in 2021.

A recently released Glassnode chart shows that the Net Flow Volume of Miners (7-day MA) has reached a 3-month low of 16,108 BTC.

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