Considered as one of the most active change inflow periods in recent months, the movement indicates that miners could be positioning ahead of market shifts. Arab Chain noted that miner inflows surged significantly on October 11. On this day, more than 14,000 BTC were sent to Binance, marking the highest level since last July, coinciding with the drop in BTC’s price to the $110,000 mark.
At the time of writing, Bitcoin’s price was trading at $107,219, demonstrating a nearly 4% decline over the last 24 hours. Despite the sharp drop, investors are gradually betting on the bearish movement, as indicated by a more than 29% rise in its trading volume in the past day.
