Bitcoin miners send record $128M in revenue to exchanges

Bitcoin (BTC) miners are sending out record amounts of BTC to centralized crypto exchanges.In a June 27 tweet, on-chain analytics platform Glassnode reported an all-time high in Bitcoin miner income sent out to exchanges.Percent of miner profits sent out to exchanges. Source: Glassnode.It noted that there was presently an “extremely high exchange interaction,” from Bitcoin miners which had actually sent a record $128 million to exchanges over the previous week. Related: Riot Platforms to include 33,000 Bitcoin miners ahead of 2024 halvingDespite the cost of Bitcoin increasing more than 88% year-to-date, miners are still facing some tough difficulties.