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Headline : Bitcoin Investors Watch Out: Miners Showing Unusual Exchange Inflow Activity

Read more from the original article on here at www.cryptobreaking.com.





Tags : #bitcoin #investors #watch #out #miners #showing #unusual #exchange #inflow #activity



No. of Paragraph 36

On-chain data shows the Bitcoin miners have been making an unusually high number of transactions to centralized exchanges recently.

As pointed out by CryptoQuant author IT Tech in a new post on X, the Miner to Exchange Transactions indicator has been high recently. The โ€œMiner to Exchange Transactionsโ€ keeps track of the total number of transfers that the miner-associated Bitcoin wallets are making to addresses connected with exchanges.

When the value of this metric is high, it means the miners are making a large amount of moves to these platforms. As one of the main reasons why these chain validators would deposit to exchanges is for selling-related purposes, this kind of trend can have a bearish effect on the BTC price.

On the other hand, the indicator being low implies miners arenโ€™t making inflows to exchanges, potentially because they plan to hold onto their coins for a while. Naturally, this HODLing from this cohort can be a positive sign for the asset.

Read more from the original article on here at www.cryptobreaking.com.


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