According to CryptoQuant, major mining pools transferred 19,866 BTC to Binance on September 21, marking the largest inflow to this platform since August. During bullish markets, Bitcoin miners monetize part of their production to cover operating expenses and invest in infrastructure. Despite the scale of these transfers, Bitcoin held steady around $85,400 as buyers fully absorbed the selling pressure. CryptoQuant analysts note that this transaction represents more of a price resilience test than a bearish signal, with $85,400 forming a strong new support level.
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