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Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years

June 1, 2023
in Crypto Exchanges
Reading Time: 2 mins read
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Fast Take

The entire every day quantity of Bitcoin transferred from miners to trade wallets hit a two-year excessive yesterday.
The transaction occurred between the mining pool, Poolin, and Binance.
This doesn’t essentially imply that the Bitcoin was bought; it solely implies that it was transferred.
CryptoSlate has been monitoring Poolin because it skilled a liquidity disaster starting in September 2022.
Throughout that disaster, the general steadiness in Poolin’s BTC wallets sank from 24,000 to six,000.
The pool surged to 13,000 BTC final week and now sits at 10,000.
Poolin experiences a substantial amount of volatility, and due to this fact CryptoSlate continues to watch it carefully.

Miners to exchanges: (Source: Glassnode)

Miners to exchanges: (Supply: Glassnode)

Miner Balance: (Source: Glassnode)
Miner Stability Poolin: (Supply: Glassnode)

The put up Yesterday noticed the biggest one-day Bitcoin switch from miners to an trade in two years appeared first on CryptoSlate.

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Tags: BitcoinExchangeLargestMinersOneDayTransferYearsYesterday
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