{"id":80911,"date":"2023-06-28T16:24:34","date_gmt":"2023-06-28T13:24:34","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=80911"},"modified":"2025-09-11T19:48:35","modified_gmt":"2025-09-11T16:48:35","slug":"miners-sent-over-1-billion-in-bitcoin-to-exchanges","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/miners-sent-over-1-billion-in-bitcoin-to-exchanges\/","title":{"rendered":"Miners sent over $1 billion in Bitcoin to exchanges."},"content":{"rendered":"<p>Since June 15, miners have sent 33,860 BTC to cryptocurrency exchanges for a total value exceeding $1 billion.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Miners sent over $1 billion in <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> to exchanges.?<\/p>\n<p>Quicktake Post by <a href=\"https:\/\/twitter.com\/caueconomy?ref_src=twsrc%5Etfw\">@caueconomy<\/a> <\/p>\n<p>Thread? <a href=\"https:\/\/t.co\/8cdYBE3ezV\">pic.twitter.com\/8cdYBE3ezV<\/a><\/p>\n<p>\u2014 CryptoQuant.com (@cryptoquant_com) <a href=\"https:\/\/twitter.com\/cryptoquant_com\/status\/1673890203000512512?ref_src=twsrc%5Etfw\">June 28, 2023<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to CryptoQuant, the bulk of the assets moved through derivative trading platforms and returned to the owners&#8217; wallets.<\/p>\n<p>Overall, miners reduced their cryptocurrency reserves by about 8,000 BTC (roughly $242 million). At the same time, only a small portion of them was sent to spot exchanges.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This signals that miners may use their recently mined coins as collateral in derivatives trading. A good example of such a strategy is hedging, in which bets are placed in the direction opposite to the market,&#8221; said CryptoQuant analysts.<\/p>\n<\/blockquote>\n<p>Experts added that the inflow of the leading cryptocurrency to exchanges will not put significant pressure on its price since the coins do not reach spot markets.<\/p>\n<p>At the time of writing, Bitcoin was trading at $30,066, down 2% over 24 hours.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"447\" src=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-1024x447.png\" alt=\"BTCUSDT_2023-06-28_16-07-45\" class=\"wp-image-210372\" srcset=\"https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-1024x447.png 1024w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-300x131.png 300w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-768x335.png 768w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-1536x671.png 1536w, https:\/\/u1f987.com\/wp-content\/uploads\/BTCUSDT_2023-06-28_16-07-45-2048x894.png 2048w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">15-minute BTC\/USDT chart on Binance. Data: <a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\">TradingView<\/a>.<\/figcaption><\/figure>\n<p>In mid-June, the mining difficulty indicator for digital gold <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-mining-difficulty-hits-a-new-high-7\">reached a record high of 52.35 T<\/a>.<\/p>\n<p>On June 21, the price of the leading cryptocurrency <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-clears-30000-as-market-cap-tops-1-2-trillion\">surpassed the $30,000<\/a>. This occurred amid BlackRock <a href=\"https:\/\/u1f987.com\/en\/news\/blackrock-files-for-bitcoin-etf-launch\">filing a Bitcoin ETF application<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since June 15, miners have sent 33,860 BTC to cryptocurrency exchanges for a total value exceeding $1 billion.<\/p>\n","protected":false},"author":1,"featured_media":80912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1137],"class_list":["post-80911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-cryptocurrency-mining"],"aioseo_notices":[],"amp_enabled":true,"views":"23","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80911","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=80911"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80911\/revisions"}],"predecessor-version":[{"id":80913,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/80911\/revisions\/80913"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/80912"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=80911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=80911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=80911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}