One of the miners sent a large number of bitcoins to Binance

1Thash transferred $124 million in bitcoins (5,600 coins) to the crypto exchange Binance. According to some experts this is an attempt to sell assets. 

Information about this operation appeared on CryptoQuant the miner transferred almost his entire reserve to the exchange. 

Among crypto traders, it is believed that such activity is one of the clear signals of a bearish market. The rally that happened in recent days could have been a strong provocation amid a total drop in profits over the past year. 

CryptoQuant informs that the transfers were made within two days and were the largest in all the time of tracking this miner. The outflow happened when bitcoin managed to exceed $22k. 

In six months 1Thash received 13 blocks the most significant mining was conducted in 2019-2021 when 99% of the total number of blocks were mined.