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CryptoQuant: 25,367 BTC flowed out of miners 'wallets when Bitcoin approached $90,000

Internet reports that CryptoQuant's data showed that on November 12, as Bitcoin approached US$90,000, 25,367 BTC flowed out of miners 'wallets. At the time, the total value of Bitcoin outflows was approximately $2.2 billion. At the same time, CryptoQuant pointed out that Bitcoin miner outflow statistics do not necessarily mean miners are selling their BTC. Miners move assets to external addresses for various reasons. Possible scenarios for these capital outflows include transfers of funds to exchanges and possible sales, as well as internal wallet transfers.

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