Data from CryptoQuant revealed that 25,367 BTC were withdrawn from miner wallets as Bitcoin's price approached $90,000 on November 12. This outflow amounted to around $2.2 billion, marking a significant trend as miners seek to realize profits during the cryptocurrency's bullish phase. Analysts suggest that miners often sell their Bitcoin holdings in anticipation of the upcoming halving event, where mining rewards will be halved. Despite the selling trend, experts believe there is still potential for Bitcoin prices to grow, supported by high hashrate and increased mining difficulty. Furthermore, historical analysis indicates that November is typically a strong month for Bitcoin returns, with predictions that a 14.7% increase could push prices above $100,000. Additionally, political factors, such as Donald Trump's recent electoral win, may further drive crypto adoption and direction in the U.S.

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