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Analysis: Bitcoin Miners and Whales Selling During Rally May Indicate 'Local Top'
Summary: According to CoinDesk, analyst Sam Reynolds pointed out that BTC's rise to historic highs has triggered the largest scale of miner selling since April, with 16,000 BTC moved to exchanges. Data shows that last week on July 15th, Bitcoin exchange inflows rose to 81,000 BTC, marking the highest daily inflow since February, mainly driven by ...
According to CoinDesk, analyst Sam Reynolds pointed out that BTC's rise to historic highs has triggered the largest scale of miner selling since April, with 16,000 BTC moved to exchanges. Data shows that last week on July 15th, Bitcoin exchange inflows rose to 81,000 BTC, marking the highest daily inflow since February, mainly driven by whales and miners: transfers of 100 BTC or more jumped from 13,000 BTC to 58,000 BTC, while miner outflows reached 16,000 BTC, almost all directly deposited into exchanges. Ethereum also shows a similar pattern, with around 2 million ETH flowing into exchanges on July 16th, marking the highest daily inflow since late February. (CoinDesk)
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Link: Analysis: Bitcoin Miners and Whales Selling During Rally May Indicate 'Local Top' [Copy]
