Bitcoin Miners Accelerated the Withdrawal Of Cryptocurrency
Bitcoin miners have accelerated the withdrawal of cryptocurrency assets from their wallets due to a 5% price drop. This is evidenced by data from CryptoQuant.
As the charts on the CryptoQuant website show, the number of outgoing transactions from users’ wallets has increased significantly. Only on June 3, the volume of Bitcoin withdrawal from miners’ wallets exceeded the 4300 BTC mark (about $ 160 million).
A similar conclusion was recorded on May 19. On that day, Bitcoin fell in price from $ 40,000 to $ 36,700. The largest withdrawal among the largest mining pools was recorded on Poolin – more than 3200 BTC were withdrawn.
At the moment, the withdrawal from the Poolin pool for June 3 became the largest since the beginning of 2021.