CryptoQuant co-founder: BTC miners transferred 54,000 BTC to Binance in the past three weeks.

According to a BlockBeats report on July 4th, Ki Young Ju, co-founder and CEO of CryptoQuant, a cryptocurrency data analysis platform, posted a message saying that "Bitcoin miners have transferred 54,000 bitcoins to Binance in the past three weeks, while the number of outstanding Bitcoin-to-US dollar contracts has not significantly changed, indicating that miners are less likely to fill collateral to increase new long positions by transferring bitcoins. In my opinion, it seems more likely that the miners' transfer is a spot selling behavior."