Miners Resume Selling, but Market Absorbs Pressure

Bitcoin miners have resumed selling on the market with a large transfer to Binance. On September 21, miner-linked wallets sent 19,866 BTC to the exchange, marking the largest such inflow since August 25.

The transfer was significant, but Bitcoin's price held steady near $85,400 during the episode. This suggests that buyers absorbed much of the potential sell-side pressure.

Historical data from CryptoQuant indicates that large miner transfers have not consistently triggered immediate price declines since 2024. The analysis suggests that stronger liquidity and evolving mining economics are changing how the market absorbs miner selling.