$1 Billion in Bitcoin Sent by Miners to Exchanges; What Does It Mean for Bulls?

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.caueconomy on CryptoQuant Quicktake: Bitcoin $BTC miners sent $1 billion to exchanges, but there's a caveat

However, approximately 8,000 Bitcoins disappeared from miners' wallets for good. Typically, this can be treated as a major addition to the selling pressure on the first cryptocurrency and a major bearish sign.

This, in turn, might confirm that BTC miners are not ready to market-sell their riches at current prices:

 

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