Bitcoin
Bitcoin (BTC)
$63,151.00 0.30027
Bitcoin price
Ethereum
Ethereum (ETH)
$3,408.88 1.47892
Ethereum price
BNB
BNB (BNB)
$567.35 1.6323
BNB price
Solana
Solana (SOL)
$155.16 0.89192
Solana price
XRP
XRP (XRP)
$0.5420020 1.74977
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000189 4.11146
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 20.85747
Pepe price
Bonk
Bonk (BONK)
$0.0000263 6.38081
Bonk price
Bitcoin
Bitcoin (BTC)
$63,151.00 0.30027
Bitcoin price
Ethereum
Ethereum (ETH)
$3,408.88 1.47892
Ethereum price
BNB
BNB (BNB)
$567.35 1.6323
BNB price
Solana
Solana (SOL)
$155.16 0.89192
Solana price
XRP
XRP (XRP)
$0.5420020 1.74977
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000189 4.11146
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 20.85747
Pepe price
Bonk
Bonk (BONK)
$0.0000263 6.38081
Bonk price
Bitcoin
Bitcoin (BTC)
$63,151.00 0.30027
Bitcoin price
Ethereum
Ethereum (ETH)
$3,408.88 1.47892
Ethereum price
BNB
BNB (BNB)
$567.35 1.6323
BNB price
Solana
Solana (SOL)
$155.16 0.89192
Solana price
XRP
XRP (XRP)
$0.5420020 1.74977
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000189 4.11146
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 20.85747
Pepe price
Bonk
Bonk (BONK)
$0.0000263 6.38081
Bonk price
Bitcoin
Bitcoin (BTC)
$63,151.00 0.30027
Bitcoin price
Ethereum
Ethereum (ETH)
$3,408.88 1.47892
Ethereum price
BNB
BNB (BNB)
$567.35 1.6323
BNB price
Solana
Solana (SOL)
$155.16 0.89192
Solana price
XRP
XRP (XRP)
$0.5420020 1.74977
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000189 4.11146
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000118 20.85747
Pepe price
Bonk
Bonk (BONK)
$0.0000263 6.38081
Bonk price

Miners allegedly make big bitcoin transfers to Binance

miners-allegedly-make-big-bitcoin-transfers-to-binance
Edited by
Markets
Miners allegedly make big bitcoin transfers to Binance

CryptoQuant alerted that miners are making significant bitcoin transfers to Binance. The recent one was of 1750 BTC.

A notable transaction involved a substantial transfer of 1750 BTC from the address 3BPAodH6WkNQC8TUrnwFKhETiFacNUi68X, associated with miner Poolin, to the address 14nr1dktB2fCn2XkUV2AdwhcmqcHk3acji. The receiving address subsequently sent the same amount of bitcoin to Binance, utilizing the recipient address bc1qm34lsc65zpw79lxes69zkqmk6ee3ewf0j77s3h.

https://twitter.com/cryptoquant_com/status/1659375246359805952?s=20

Per CryptoQuant, all 1750 BTC were ultimately transferred to Binance. This significant shift in funds raises concerns about potential selling pressure from miners, a group that plays a crucial role in the cryptocurrency ecosystem.

Moreover, the decreasing number of available miners adds weight to this observation. Their participation is gradually declining as the mining industry faces various challenges, including regulatory uncertainties and environmental concerns.