Over the past 24 hours, miners sold about 1,750 BTC from their wallets at one time for about $47 million, which, according to CryptoQuant experts, led to a slight decrease in the value of the asset.
On Friday evening, May 19, the first-capitalized cryptocurrency lost about 2% of its market value and is trading at $26,800.
CryptoQuant analysts believe that the main reason why miners are withdrawing assets from wallets is to sell. This trend is naturally reflected in the value of cryptocurrencies.
CryptoQuant says it’s highly likely that all 1,750 BTC sold went to the cryptocurrency exchange Binance.
Earlier, Robert Kiyosaki, author of the bestseller “Rich Dad, Poor Dad,” expressed
Robert Kiyosaki expressed his fears about a possible massive recession and urged investors to invest in gold, silver and bitcoin.