According to CryptoSlate, a large amount of Bitcoin was recently transferred from miner balances to exchanges. Further investigation has revealed that a significant portion of this outflow was from the Poolin miner pool, which sent 1,200 Bitcoin to Binance on June 5th. This brings their total BTC outflow to 5,800 since May 30th.
CryptoSlate had previously reported that Poolin was experiencing difficulties, resulting in a 94% decrease in their hash rate from all-time highs. James Van Straten, a research analyst at CryptoSlate, is a strong advocate for data, technology, and trend analysis, and considers Bitcoin to be the most important invention of the 21st century as a tech and liberty maximalist.
All Comments