Bitcoin Miners Are Selling Again: 20,000 BTC Floods to Binance in Biggest Spike Since August
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Miner-linked Bitcoin deposits to Binance reached 19,866 BTC on September 21, the largest such inflow since August. Bitcoin stayed near $85,400 even as that supply moved onto the exchange.
Key claims & sources
What it means
Bitcoin traders and exchange users are seeing miner-linked coins arrive on Binance again, while bitcoin itself stayed near $85,400 on September 21. That means the market noticed a large supply transfer without the kind of immediate drop that had shown up in earlier cycles.
In practice, the pattern around large miner deposits looks different from earlier episodes where deposits near 20,000 BTC were followed right away by sharper price weakness. The point that remains unchanged is the size of the transfer itself: roughly 20,000 BTC still moved from miner-linked wallets to Binance.
Market reaction i
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Where this sits in the Bitcoin series
| When | What happened | Figure |
|---|---|---|
| 1.1 years ago | BTC at $115,227 high | today it sits -34.3% from there |
| 4 months ago | BTC at $58,566 low | today it sits +29.2% from there |
From what we have stored, starting 1.1 years ago.