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 BTC

Beginning Jan. 15, outflows from F2Pool — currently the largest mining pool comprising roughly 15% of total…

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