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According to on-chain platforms that collect data on trading in cryptocurrency networks, miners continue to sell Bitcoin.
Crypto miners have sent $1 billion worth of Bitcoin to exchanges in the past 2 weeks, according to a post from on-chain data provider CryptoQuant. While drawing attention to the size of the transfer amount, analysts commented that the BTCs in question may not have been sold yet.
Leading cryptocurrency analyst Caue Oliveira took a look inside the miner transfers. The on-chain expert found that miners have sent 33,860 Bitcoins to exchanges since June 15. However, the majority of the coins that move have returned to private wallets without being sold.