3,271 BTC leave Poolin wallet while miners sell – Another whale awakens after nine years of sleep

Data from the analysis platform CryptoQuant and the aggregator Glassnode show that Bitcoin miners have increased their sales and the mining pool Poolin has sold the largest amount of BTC since then this year.

3,271 BTC left Poolin wallet as miners sell

While Bitcoin continues to dump and sell again thanks to Elon Musk’s activity on Twitter, the miners continue to sell the bitcoins they received, according to the charts provided by Glassnode and CryptoQuant.

All the charts on the website related to Bitcoin mining flow show an increase – All Miner Flows, Mini Miner Flows and also graphs of specific mining pools like Antpool, BTC.com etc.

On June 3, the largest amount of Bitcoin was transferred from Poolin’s mining pool wallet – 3,271 BTC, which is equivalent to $ 119,916,822 at the current exchange rate of the largest digital coin. The CIO of Moskovski Capital has named this BTC loss as the largest yet in 2021.

Source: KryptoQuant

A recently released Glassnode chart shows that the Miner Net Flow Volume (7-day MA) hit a 3-month low of -16,108 BTC.

???? #Bitcoin $ BTC Miners’ net volume (7d MA) just hit a 3-month low of -16,108 BTC

Previous 3-month low of -11,925 BTC was observed on March 05, 2021

Show measured values:https://t.co/syta9kiFvY pic.twitter.com/3qFZZYxd5k

– Glasnode warnings (@glassnodealerts) June 4, 2021

Whales wake up

A crypto whale that has been inactive for nearly nine years has just moved around $ 34 million worth of BTC to another wallet, according to crypto tracking firm Whale Alert.

Received wallet for the first time 900 bitcoins August 16, 2012 at 4:40 pm.

Bitcoincharts said that BTC was trading at around $ 13.5 at the time, which means that 900 bitcoins were worth about $ 12,150 when received in your wallet, less than a third the price of a Bitcoin at the time of writing.

Those 900 bitcoins were worth $ 33,794,136 at the time of trading on Tuesday, up 278,041%. The wallet that received the bitcoins has no connection to a crypto institution, exchange or investor.

The long-dormant wallet has received large amounts of Bitcoin several times over the past nine years, although these transactions appear to be the result of dusting attacks.

Annie

Bitcoin magazine

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