Quick Take
The total daily amount of Bitcoin transferred from miners to exchange wallets hit a two-year high yesterday.
The transaction occurred between the mining pool, Poolin, and Binance.
This does not necessarily mean that the Bitcoin was sold; it only means that it was transferred.
CryptoSlate has been monitoring Poolin since it experienced a liquidity crisis beginning in September 2022.
During that crisis, the overall balance in Poolin’s BTC wallets sank from 24,000 to 6,000.
The pool surged to 13,000 BTC last week and now sits at 10,000.
Poolin experiences a great deal of volatility, and therefore CryptoSlate continues to monitor it closely.
Miners to exchanges: (Source: Glassnode)
Miner Balance Poolin: (Source: Glassnode)
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