Bitcoin miner flows to Binance reached 19,866 BTC on September 21, approaching the 20,000 BTC threshold last seen when the figure surpassed 25,000 BTC in late August. Simultaneously, BTC holders realized 5.1 billion dollars in profits over the past seven days, a level comparable to late 2023 rather than major market tops. These combined signals could test Bitcoin’s resilience as it dropped below 84,000 dollars after reaching above 87,000 dollars for the first time since January. BTC was trading around 83,500 dollars, up 10% on the week but down 25% year-over-year. Meanwhile, spot Bitcoin ETFs continued attracting capital with 2.37 billion dollars in net flows since the start of the month.
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