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Bitcoin miners sell 20,000 BTC to Binance without triggering price drop, showing strong market resilience.

Market News
24 Sep 2026
UToday
View Source
Neutral
Bitcoin miners sell 20,000 BTC to Binance without triggering price drop, showing strong market resilience.

On September 21, Bitcoin miners transferred nearly 20,000 BTC to Binance, marking the largest inflow since August. Despite this significant sell-off, Bitcoin's price held steady around $85,400, indicating strong buyer demand and market resilience. Analysts note this selling behavior is typical for miners cashing out profits during strong markets to cover operational costs, similar to gold producers. The event signals a shift in market dynamics, as such large miner sales no longer cause immediate price declines, suggesting $85,400 is a solid support level for Bitcoin.

As of Sep 24, 2026 20:39 WIB, Bitcoin trades on Pluang at Rp1.508.153.830 with a 1-day change of -1.09%, showing slight downward movement despite the recent large miner sell-off reported. The market remains active with a 24-hour volume of Rp833,69T and a nearly balanced order activity of 51% sell to 49% buy. This suggests ongoing interest and resilience in Bitcoin trading on the platform after the significant miner transfers to Binance.

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