Miners Sent 21,140 BTC Worth $1.7B to Binance
- —The 21,140 BTC transfer on October 26 marks the sixth inflow above 20,000 BTC since February
- —Miner reserves dropped to about 1.19 million BTC, near a five-year low
- —IBIT attracted $105 million on October 26 and another $133 million the next day
- —Binance Pool will shut down on November 10, forcing users to switch pools
Why it matters: If ETF demand cools, miner selling could add further pressure on BTC near $80,000.
Source: BeInCrypto RU