caueconomy
Selling pressure from miners at the lowest level in almost 7 yearsđ¨
The flow of movement from Bitcoin miner wallets to exchange wallets ultimately represents the activity of these entities in the open market. The entry of coins into exchanges increases the liquidity of BTC on these platforms, providing additional selling pressure in the market. However, it should not be confused with the idea of âare miners selling?â Well, the truth is that they are ALWAYS selling, as this is how new BTCs reach the market. The current flow of shipments from miners to exchanges today reaches the lowest level since 2017, with a monthly average of 90BTC sent.