Data from CryptoQuant showed that 25,367 BTC flowed out of miner wallets as Bitcoin approached $90,000 on Nov. 12.
Bitcoin miners are moving large amounts of their holdings out of wallets as the cryptocurrency’s price continues its bullish momentum, reaching new highs.
Digital asset data tracker CryptoQuant showed that on Nov. 12, about 25,367 Bitcoin (BTC) flowed out of mining pool wallets as the asset’s price reached $88,025. At the time, the total value of the BTC outflow was around $2.2 billion.
Bitcoin Miner Outflow Total chart. Source: CryptoQuant
