📉 Bitcoin demand is falling, while miners have sharply increased transfers to exchanges
According to CryptoQuant, estimated 30-day demand for BTC has declined by 362,000 BTC: spot demand fell by 280,000 BTC and futures demand by 82,000 BTC.
⛏️ On November 10, miners transferred 2,077 BTC to exchanges—16 times the average daily amount. About 97% of the transfers went to Antpool.
However, transfers to exchanges do not necessarily mean that the coins are being sold.
#BTC
According to CryptoQuant, estimated 30-day demand for BTC has declined by 362,000 BTC: spot demand fell by 280,000 BTC and futures demand by 82,000 BTC.
⛏️ On November 10, miners transferred 2,077 BTC to exchanges—16 times the average daily amount. About 97% of the transfers went to Antpool.
However, transfers to exchanges do not necessarily mean that the coins are being sold.
#BTC
