Yesterday saw the largest one-day Bitcoin transfer from miners to an exchange in two years

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)

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