Miners sent 260% of their daily revenue to exchanges

Bitcoin’s recent price surge has triggered a massive sell-off among miners, with on-chain data revealing that miners sent an equivalent of 260% of their daily mining revenue to exchanges on June 27.

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Bitcoin Miners Deposit To Exchanges, What Does This Mean?

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Bitcoin Miners Rushing to Exchanges: Unprecedented Asset Transfer Rate

Glassnode data reveals that Bitcoin miners are transferring their digital assets to cryptocurrency exchanges at a rate never seen before. The post Bitcoin Miners Rushing to Exchanges: Unprecedented Asset Transfer Rate appeared first on BeInCrypto.

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Bitcoin Miners Transfer $174M Worth of Coins to Exchanges in Two Weeks

The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021, according to Glassnode.

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Bitcoin Miner Inflows To Exchanges Reach 2021 Levels As Bear Trend Persists

Bitcoin miners are now taking advantage of the recent price increase as they have begun to send massive amounts of BTC to centralized exchanges. While this is not new as miners tend to sell BTC to fund their operations, the sheer volume that is being moved to exchanges is what is alarming.

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What’s going on behind the scenes of June’s massive miner outflow?

Analyzing miner-to-exchange flows is crucial for understanding market sentiment, particularly when evaluating whether miners are liquidating or accumulating. A surge in Bitcoin inflows to exchanges has historically preceded an increase in sell orders, often leading to price slumps as the selling pressure increases.

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Bitcoin (BTC) Miners Flood Exchanges Amid Regulatory Scrutiny – Impact On Crypto Investors?

Amid the continuous regulatory scrutiny in crypto, there have been a diversified sentiment among different participant groups about the Bitcoin market. According to latest data from data provider Glassnode, long-term holders have remained resilient and unwavering in their commitment, displaying a calm sentiment amid the elevated market distress.

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Bitcoin Bearish Signal: Miners Sell At 3rd Largest Scale Ever

On-chain data shows that Bitcoin miners may have been selling at a historical rate recently, something that could be bearish for the asset’s price. Bitcoin Miner Inflow To Exchanges Has Registered A Spike Recently According to data from the on-chain analytics firm Glassnode, miner exchange inflows hit a peak value of $70 million recently.

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Are miners sending Bitcoin to exchanges, waiting for higher prices?

Quick Take Miners are continuing to transfer Bitcoin to exchanges. As CryptoSlate identified last week, we saw the largest one-day Bitcoin transfer from miners to exchange in two years. However, 2,600 Bitcoin were sent to exchanges on Saturday, surpassing last week’s transfer.

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How traders can take advantage of Bitcoin's latest sell-off

BTC’s supply on exchanges increased, suggesting it was under selling pressure  Bitcoin’s price increased by 2% in the last seven days, but miners were selling their holdings The month oThe post How traders can take advantage of Bitcoin's latest sell-off appeared first on AMBCrypto.

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Bitcoin miners are happy; Here's why

Bitcoin's fee revenue has been outstripping the yearly average since March 2023. Miner flows to exchanges declined, indicating that miners were not indulging in profit-taking as yet. BitcoinThe post Bitcoin miners are happy; Here's why appeared first on AMBCrypto.

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Ordinals good or bad for Bitcoin? Supporters and opposers raise voices

Bitcoin miners, exchanges and layer-2 builders have different reasons to support or oppose Bitcoin Ordinals.

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Valuations and M&A Show Things Aren’t So Bad for Crypto

Two aspects of the crypto word, blockchain tech companies and exchanges and crypto miners, reveal that M&A activity is strong and that crypto-related companies have converged with the rest of tech, a sign that the digital-asset industry is maturing.

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Bitcoin Miners Transfer Large Amount To Exchanges, Sign Of Selling?

On-chain data shows that Bitcoin miners have transferred many coins to exchanges today, which may be a sign of selling. Bitcoin Miner To Exchange Flow Has Observed A Huge Spike Today As pointed out by an analyst in a CryptoQuant post, a total of 1,637 BTC was deposited to exchanges by the miners today.

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Bitcoin Miners Appear Not To Sell Or Care About Price, Is This Bullish?

Data from CryptoQuant suggests that Bitcoin miners might, after all, not care about price and all the fear, uncertainty, and doubt (FUD) in recent days. Bitcoin Miners Are Not Selling According to CryptoQuant’s Miners’ Position Index (MPI), a ratio between the total miner BTC outflows and the 365-day moving average of the same reading, Bitcoin miners have not been sending their coins to external addresses, typically exchanges.

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Bitcoin Surges To 23,000 As Miners Sales Sees Multi-Year Low

Bitcoin has continued with its bullishness as it surged its price above the USD$23,000 level, a positive signal amid miners reduced the sales of their mined coins. On-chain flows flagged by Bitifinex analysts indicate that the amount of Bitcoin moved from Bitcoin mining addresses to wallets owned by cryptocurrency exchanges has declined to multi-year lows.

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Research: Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing

This year hasn’t been kind to Bitcoin miners as the invasion of Ukraine in February 2022 triggered a global energy crisis, pushing mining costs through the roof. The post Research: Miners sent 57K Bitcoin to exchanges in 2022; selling pressure decreasing appeared first on CryptoSlate.

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Are BTC HODLers losing faith in exchanges? Recent data suggests...

Bitcoin HODLers remove their BTC from exchanges Miners continue to face pressure; however, retail and whale investors start showing an interest in BTC Santiment, in a new tweet dated 27 NoveThe post Are BTC HODLers losing faith in exchanges? Recent data suggests... appeared first on AMBCrypto.

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Bitcoin: How these exchange metrics could affect BTC's performance

Bitcoin exchange outflows had not halted, hitting new highs since the past week Miners’ asset flow into exchanges could negatively impact investors’ expectations of recovery  Since BitcThe post Bitcoin: How these exchange metrics could affect BTC's performance appeared first on AMBCrypto.

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Bitcoin miners send less BTC to exchanges since 2020 halving despite FTX

FTX volatility only resulted in a brief uptick in miner sales on exchanges, with the trend already returning to normal.

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Bitcoin holders, whales, and miners: The impact of FTX on the state of BTC

Bitcoin HODLers withdraw historic amounts of BTC from exchanges Miners continue to feel the pressure amidst the FUD The mistrust in exchanges has continued unabated ever since the FTX collapThe post Bitcoin holders, whales, and miners: The impact of FTX on the state of BTC appeared first on AMBCrypto.

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Bitcoin Bearish Signal: Miners Continue Transfers To Exchanges

On-chain data shows miners have sent a large amount of Bitcoin to spot exchanges recently, something that can be bearish for the value of the crypto. Bitcoin Miners To Spot Exchanges Flow Has Surged Up Over The Past Day As pointed out by an analyst in a CryptoQuant post, the latest spike in the miner exchange deposits is larger than any other recent peaks.

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ETH On-Chain Analysis: Huge Ethereum Post-Merge Inflows on Exchanges

The Ethereum Merge went live this morning. With it, the Ethereum blockchain is moving from Proof-of-Work (PoS) to Proof-of-Stake (PoS) protocol. Thus, cryptocurrency miners have been forced to turn off their computers or possibly switch to the upcoming Ethereum PoW (ETHW) blockchain.

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Does It Cost To Transfer Crypto To Hardware Wallet? Is There A Fee To Transfer Coins To Cold Storage?

In a nutshell, every crypto transactions costs some money that is paid to the network validators (miners or stakers). In addition to this, some platforms you use, like exchanges, charge their own fees for the services they provide.

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Institutional Investors Are Increasingly Using Crypto Options Trading to Hedge Their Bets in Bear Market

Options trading volume has risen on crypto exchanges, and even miners are using options strategies to muddle through the current, uncertain environment.

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Bitcoin On-Chain Data: Miners Deposit Big To Derivatives Exchanges

On-chain data shows Bitcoin miners have deposited large amounts to derivatives exchanges recently, a sign that these network validators may be hedging against potential future falls. Bitcoin Miners Have Been Transferring To Derivatives Exchanges Recently As pointed out by an analyst in a CryptoQuant post, around 4.

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Bitcoin [BTC]'s hashrate and what its fall means for miners and their shutdown price

Cryptocurrency investors have been withdrawing Bitcoin [BTC] from cryptocurrency exchanges at the most aggressive rate in history. Here, the total exchange outflows in June peaked at 151,000 BTC, wortThe post Bitcoin [BTC]'s hashrate and what its fall means for miners and their shutdown price appeared first on AMBCrypto.

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Bankman-Fried Is Looking At “Secretly insolvent” Small Exchanges & Crypto Miners

It’s Sam Bankman-Fried’s moment. The FTX and Alameda Ventures golden boy put both of his companies in a winning position and seems to be carrying the spoils away. The recent Forbes piece about secretly insolvent exchanges puts it best, “Like J.

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Bitcoin Miners To Exchange Flow Taps 7-Month High As The Crypto Winter Gets Colder

The ongoing crypto winter seems to have caught up with Bitcoin miners as they are now sending a ton of coins to exchanges.

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Bitcoin Miner Mawson Exchanges Mining Rigs for Stake in Tasmanian Data Center

The move comes as more miners have begun using alternative sources of funds to support their expansion.

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Bitcoin Miners Forced to Sell as Crypto Market Stagnates 

The amount of Bitcoin transferred from mining companies to crypto exchanges has hit its highest levels since February. Miners Under Pressure Bitcoin miners appear to be capitulating. Several metrics suggest...

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Bitcoin exchange outflows see biggest daily spike since September 2021

Almost 30,000 BTC leaves major exchanges in a single day as buyers copy miners in taking the BTC supply off the market.

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Crypto trades in Thailand now reportedly subject to 15% capital gains tax

While Thai crypto investors and miners are required to pay the tax in 2022, exchanges are reportedly exempt from the new duty.

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Binance Just Took Over Half A Billion Dollars Worth Of BNB Completely Out Of Circulation In 17th Quarterly Burn

On Tuesday, Binance announced that it had burned 1,335,888 BNB valued at approximately $639,462,868. Coin burning is a process by which cryptocurrency miners or exchanges periodically take out a certain portion of coins from circulation to control price through supply restriction.

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Miners Transfer A Never-Before-Seen Amount Of Bitcoin To Exchanges

On-chain data shows miners have sent a never-before-seen amount of Bitcoin to exchanges as the crypto touches $55k. Bitcoin Miners Send An Unusual Amount Of Coins To Exchanges As pointed out by a CryptoQuant post, on-chain data shows miners have sent an unprecedented amount of Bitcoin to exchanges.

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China Ban: TradingView & Data Sites Inaccessible, Alibaba Stops Miners & Crypto Sales, “Complete Shutdown” for SparkPool Users

Popular cryptocurrency market data sites CoinGecko and CoinMarketCap are not accessible for users in mainland China after the Peoples Bank of China reiterated that crypto-related business activities are “illegal,” which also covered overseas exchanges offering their services to Chinese residents through the Internet.

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Bitcoin On-chain Data Suggests Huge Outflow From Miners

Bitcoin on-chain data shows that miners have transferred a huge amount of coins to cryptocurrency exchanges. On-chain Data Suggests Miners Transferred 11,816 BTC To Exchanges As pointed out by a CryptoQuant post, 20 July saw a huge outflow from Bitcoin miners.

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Bitcoin Miners Have Started Selling, Bear Market Ahead?

Bitcoin on-chain data has revealed that miners have started selling more BTC on exchanges, an indicator that a bear market could be ahead. Miners To Exchanges Flow Has Sharply Risen As pointed out by a CryptoQuant post, the all miners to all exchanges flow mean for Bitcoin seems to have sharply risen this past weekend. […]

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Bitcoin Miners Resume Accumulating, While BTC Exchange Inflow Drops to Major Lows: Glassnode

Data provided by Glassnode and Santiment analytics companies signifies that Bitcoin miners have resumed accumulating BTC and BTC inflow to exchanges sees a sharp decline

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Bitcoin Hash Rate Share Records a Shift after 70% of China’s Mining Capacity Goes Offline

Despite China’s latest strict measures, there hasn't been another surge in the amount of BTC sent by miners to the crypto exchanges for selling ever since peaking last month. Still, BTC held on Binance has climbed to new highs over the last month.

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Alibaba Cloud Says It May Stop Servicing Crypto Mining Companies in China

Chinese media sources state that Alibaba Cloud behemoth may stop providing services to crypto companies in China – that would hit Bitcoin miners but not exchanges

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Persian Gulf Island to Become Crypto Exchange Hub, Iran Minister Proposes

Iran’s information technology minister has pitched the idea of transforming the Persian Gulf island of Kish into an international center for cryptocurrency exchanges. Iranian authorities plan to create a financial free zone in the territory which has already attracted cryptocurrency miners.

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China Back on Attack Mode, Internet Blocking Exchanges & Bitcoin Miners Ordered to Shut Down

This time, Bitcoin price is not responding to the reports of a crackdown from China which extends beyond the crypto sector, ahead of the 100th anniversary of the ruling Communist Party on July 1, trading around $36,500.

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China's Latest Bitcoin Crackdown Sees Exchanges Censored, Miners Go Offline

Chinese internet services are censoring bitcoin exchange searches and mining operations in China have reportedly been asked to shut down.

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Shanghai Man: Miners banned, exchanges targeted? Here's what's really happening

A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of their own, limiting retail investors in the administrative region.

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Shanghai Man: Miners banned, exchanges targeted? Here’s what’s really happening

A look at the last week of crackdowns, including a ruling from Vice Premier Liu He. Hong Kong echoes Beijing with stricter controls of its own, limiting retail investors in the administrative region.

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Miners Holding Their Bitcoin Much Tighter Than in January: Glassnode

Recent analytics data shows that Bitcoin miners have been reluctant to send their BTC to crypto exchanges and volumes have hit a four-month low

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Bitcoin Miners and Those Owning BTC Since 2016 Holding Their Coins Tight: Glassnode

Recently shared reports by Glassnode state that the BTC flow from miners to exchanges has hit a major low and so has the BTC active supply 5y-7y

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Bitcoin Amount Miners Have Been Sending to Exchanges Soars 636.2% in Past 24 Hours

Glassnode agency has reported that the amount of Bitcoin sent by crypto miners to digital exchanges has skyrocketed by 636.2% over the past 24 hours

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