Today I bring you more proof that the miners are selling more bitcoin than they generate
Total amount of BTC transferred from all mining pools
Let's see
In the graph we see the price of bitcoin in a black line and the red bars are the bitcoin withdrawals from the miners' wallets.
Daily they liquidate a percentage of the bitcoin generated to pay the expenses
As we see, F2pool, one of the largest bitcoin mining pools, makes daily withdrawals to pay the expenses.
F2pool wallet draw chart
Graph of the composition of Bitcoin mining pools
But now let's analyze the extractions of all the miners
We also see daily withdrawals to pay for mining expenses
graphic source: https://cq.live/prochart/180?window=block
But we see hours before the last bitcoin crash, they made 2 withdrawals, one of 2300 and the other of 1000 bitcoin from their wallets,
And hours later correct the price. Coincidence?
Generally miners take advantage of selling high volume of bitcoin at high prices
But why sell 3300 bitcoin for $ 10,000, if it is the current cost of mining Bitcoin?
Mining Capitulation?
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