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Bitcoin Miners Sent Nearly 20,000 BTC to Binance in Largest Spike Since August, But Price Held Steady
On September 21, Bitcoin miners deposited 19,866 BTC to Binance, marking the largest inflow since August 25, when over 25,000 BTC was transferred. Despite this significant selling pressure, Bitcoin's price remained resilient, holding around $85,400. CryptoQuant analysts note that since 2024, such large miner transfers (around or over 20,000 BTC) have not resulted in immediate sharp price declines, indicating increased market resilience and a strong new support level at $85,400.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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