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Crypto

Miners Move Over 50k BTC to Binance in Recent Surge

Guavy AI Editorial Team
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Bitcoin miners have been transferring large amounts of BTC to Binance since August, with over 50,000 units moved according to on-chain data from Arab Chain.

The analyst noted that miners may be shifting their holdings for various reasons, including covering operational costs, adjusting liquidity, or preparing for potential sales.

Daily transfers surged in the past three days, with one day exceeding 8,000 BTC, a level higher than typical daily averages.

While large miner transfers to exchanges are not uncommon, the scale and speed of recent movements have caught the eye of traders.

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