The 14-day average of $BTC miner transfers to centralized exchanges has hit the highest level since March 2021. Reports godbole17
Transfer of bitcoin from miners to centralized exchanges has picked up the pace since May 31, according to data tracked by blockchain analytics firm Glassnode.
The 14-day average of miner transfers to exchanges has increased sharply to 489.26 BTC, the highest since March 2021. Meanwhile, the balance in wallets associated with miners has decreased by nearly 2,000 BTC in two weeks. However, the recent transfers amount to just 1.3% of bitcoin's 24-hour trading volume of $13 billion and do not appear big enough to have a sizable impact on bitcoin's price.
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