BTC miner activity surges in Feb. with 90K BTC sent to Binance

Bitcoin mining activity surged in February, with a total of 90,000 BTC sent to Binance, the highest level since the start of 2024, CryptoPotato reported, citing Arabchain. On one day, the 24-hour transfer volume reached 24,000 BTC. The outlet suggested that amid increased market volatility, miners likely cashed out some of their holdings to cover operational costs and secure profits. This trend could serve as an indicator of potential selling pressure, it added.