CryptoQuant: Bitcoin transfers from mining pools to exchanges hit two-month high this week
Due to BTC hovering around $70,000, the transfer of Bitcoin (BTC) from mining pools to exchanges reached its highest level in two months this week, as the halving of Bitcoin led to a decrease in daily mining income. Miners hope to profit by selling Bitcoin through over-the-counter (OTC) platforms. On June 10th, miners sold at least 1,200 Bitcoins, marking the highest daily trading volume in two months. Since early June, Marathon Digital has sold 1,400 Bitcoins worth $98 million. The report added that miners' daily income has decreased by 55% from the peak of $78 million in March to $35 million.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin Dominance Nears Peak Amid Bearish Divergence
![](https://img.bitgetimg.com/multiLang/image/social/225be8c12831b6325c40d486382b137e1725755405996.jpg)
Top 5 Decentralized Protocols: Unparalleled Innovations in the Crypto Space
![](https://img.bitgetimg.com/multiLang/image/social/5f8d8e8c87ee028496ff318240f8e9dc1725755405787.jpg)
Justin Sun Announces Major Update for Tron (TRX)
Tron (TRX) founder Justin Sun signaled an important change for the altcoin in his statement.
Warren Buffett’s Crypto Gift from Justin Sun Surges 1,000% in Value by 2024
![](https://img.bitgetimg.com/multiLang/image/social/d7215344ad2c6159afe786d833a13f3a1725746405107.jpg)