Significant Outflow From BTC Miners Might Be a Reason For Recent Dips
According to CryptoQuant, prior to the Bitcoin drop from $10,200 to $9,260, an unknown mining pool moved a huge amount of BTC.
Total Bitcoin outflow during June 2 was 4513 BTC or about $45M.
It seems like the pool wanted to liquidate mined Bitcoins at a local price high.
The similar outflow occurred on May 20, the dip from $9,800 to $8,800, but it was even bigger 6,767 BTC.