TechFlow reported, according to Coindesk, that outflows of digital currencies from miners have reached the highest level in years, with tens of thousands of bitcoins (worth over $1 billion) flowing into exchanges, primarily originating from the mining pool F2Pool.
CryptoQuant analysts noted that F2Pool's rising costs are due to its relocation to Kazakhstan and upgrading mining equipment. This outflow isn't necessarily bearish, as it coincides with the launch of the first bitcoin ETF in the United States.
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