Bitcoin Miners Sell $209 Million Worth of BTC as Transfers to Exchanges Spike
According to a report by CryptoQuant, transfers from bitcoin mining pools to exchanges reached a two-month high this week as BTC hovered around $70,000. Miners are also selling their holdings via over-the-counter desks, with at least 1,200 BTC sold on June 10, the highest daily total in two months. Marathon Digital has sold 1,400 BTC worth $98 million since the start of June. Daily miner revenue currently stands at $35 million, down 55% from the peak in March due to lower transaction fees after the halving.
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