Glassnode: Miners send record amounts to exchanges – Bits Media

According to the Glassnode analytical platform, In the last week alone, miners sent to exchanges $128 million in cryptocurrency, What is equivalent 315% their daily income.

Miners usually send their profit in bitcoins to exchanges, to bring her to fiat. Since the price Bitcoin is at the highest level in recent months, This is a good time for miners, to withdraw funds and get more profits.

A similar trend was recorded during the bull period on the crypto ripe in 2021 year. Also against the background of the collapse of the crypto at the end 2022 years miners sent large amounts of earned bitcoins to exchanges, What in Glassnode was designated as "surrender" against the background of a fall in prices.

Last week, the course of the first cryptocurrency reached the highest level per year - $31 185. At the time of publication, bitcoin is traded slightly higher $30 000.

One of the founders of the Gemini cryptocurrency exchange Cameron Vinclvoss (Cameron Wiklewoss) Recently stated, that the growth of bitcoin to $30 000 marks the beginning of the "great battery of bitcoins" with large investors.

Remind, What over the past week institutional investors have invested in the Futula ETF on the Bitcoin Proshares Bitcoin Strategy ETF (Small) $65,3 million, And the total capitalization has reached $1 billion is a record for 12 months.