Bitcoin Miners Sold 63% More Coins Than Generated In a Day

steemitcom46 (43)in DLIKE • 4 years ago

With yesterday's correction in ethereum (ETH) and many DeFi tokens also spilling over into bitcoin (BTC), bitcoin miners sold BTC 844 (USD 9.5m) in a day, or 63% more coins than they generated in the same period of time.

Also, according to data from ByteTree, miners have continued to offload more bitcoin than they have mined this week, with a net outflow of BTC 812 recorded for the past 7 days. The level of weekly outflows from miners follows roughly in line with figures from last week, although it represents significantly increased selling on the part of the miners compared to the situation in mid-August when the weekly outflows stood at BTC 171.

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https://cryptonews.com/news/bitcoin-miners-sold-63-more-coins-than-generated-in-a-day-7611.htm

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