Miners sold 16,000 $BTC — the largest sell-off since April
According to CryptoQuant, the sell-offs led to a reduction in miners' reserves from 68,000 BTC to a monthly minimum of 65,000 BTC.
Not only miners were selling Bitcoin — other groups also sought to realize profits against the background of market highs. According to CryptoQuant, on that day, inflows to exchanges sharply increased to 81,000 BTC, whereas just a few days earlier it was 19,000 BTC. This surge was driven by the activity of whales. They increased their transfers to exchanges from 13,000 to 58,000 BTC.
One transaction stood out in particular — a rare movement from a Satoshi-era whale, whose address had been inactive since the early days of Bitcoin. Initially, their wallet contained over 80,000 BTC. The analytical company Lookonchain noted this transfer as a possible sell-off. It suggested that long-term holders might be using the moment to lock in profits.
