CryptoQuant: Bitcoin transfers from miners to exchanges hit two-month high this week

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CryptoQuant reports that bitcoin miners are actively cashing out during the bitcoin price rally, with miners transferring bitcoin to exchanges this week at a two-month high. As the bitcoin price fell from $70,000 to $66,000, miners moved $209 million worth of bitcoin to exchanges. Since the beginning of June, bitcoin miner Marathon Digital has sold 1,400 bitcoins worth nearly $98 million. As daily miner revenue has fallen due to the bitcoin halving, miners have also seen a significant increase in sales through over-the-counter (OTC) transactions. Daily miner revenue has fallen 55% from a peak of $78 million in March to $35 million. (CoinDesk)

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