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

Due to BTC hovering around $70,000, the transfer of Bitcoin (BTC) from mining pools to exchanges reached its highest level in two months this week, as the halving of Bitcoin led to a decrease in daily mining income. Miners hope to profit by selling Bitcoin through over-the-counter (OTC) platforms. On June 10th, miners sold at least 1,200 Bitcoins, marking the highest daily trading volume in two months. Since early June, Marathon Digital has sold 1,400 Bitcoins worth $98 million. The report added that miners' daily income has decreased by 55% from the peak of $78 million in March to $35 million.