Miners' large transfers to Binance indicate a potential shift from holding to selling, as market sentiment remains fragile amid recent volatility.
Since October 9, Bitcoin miners have moved 51,000 BTC to Binance, suggesting a shift in behavior towards selling or liquidating assets. The transfer, which includes a dramatic spike on October 11, follows a significant market downturn and a large liquidation of leveraged positions. Despite concerns, large buyers are reportedly purchasing the dip, which may limit price decline.