Analysis: Bitcoin Miners and Giant Whales Sell During Rises or Predict 'Partial Peaks'
According to online reports, CoinDesk analyst Sam Reynolds wrote that the rise in BTC to an all-time high triggered the largest miner sell-off since April, with 16,000 BTC transferred to the exchange. Data showed that on July 15 last week, Bitcoin exchange inflows rose to 81,000 BTC, the highest single-day inflow since February, mainly driven by giant whales and miners: transfers of 100BTC and above jumped from 13,000 BTC to 58,000 BTC, while miners 'outflows reached 16,000 BTC, almost all of which were directly deposited on the exchange. Ethereum showed a similar pattern, with about 2 million ETH flowing into the exchange on July 16, the highest daily inflow since the end of February.
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