Bitcoin (BTC) miners have begun sending their assets to exchanges in a recently-introduced campaign, with up to 5,592 BTC transferred from 1THash, a Chinese mining pool, to Binance since January 17. This trend began when BTC was still holding strong above $21K and persisted despite the crash from the price territory.

1THash saw a massive BTC miner outflow in three days, as 5,732 BTC – currently valued at $120.1M – left the mining pool’s reserves in two separate transactions, according to Julio Moreno, the CryptoQuant Author who first called attention to the development. 

(By Albert Brown)