Miners’ transfer of BTC to exchanges soars by 1582%! Warning of massive sell-offs ahead

Miner BTC transfers to exchanges surged 1582% with a net outflow of 666 coins, signaling heavy selling pressure. A breakout above $65,700 could trigger $303 million in short liquidations.

The amount of BTC transferred by miners surged by 1,581.7%, resulting in a net outflow of 666.469444 BTC, indicating significant selling pressure. The hash rate declined by 1.3%, while the difficulty level dropped by 0.84%. Recent news: A breakout of BTC above $65,700 could trigger the liquidation of short positions worth $303 million; a golden cross signal appeared on the BTC MA chart; Mubadala’s holdings in IBIT remained unchanged, though its market cap decreased by $118 million.