Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers st...

Bitcoin's biggest mining pool may be behind the BTC price drop, but buyers st...

This week's volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying. Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal.According to data from on-chain monitoring resource CryptoQuant, the past few days saw vast outflows from mining pools, which in turn corresponded to BTC/USD shedding 20% in a week.F2Pool daily outflows hit 10,000 BTCBeginning Jan. 15, outflows from F2Pool — currently the largest mining pool comprising roughly 15% of total hash rate....


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