Bitcoin Holds $85,400 as Miners Transfer 19,866 BTC to Binance

Bitcoin held steady near the $85,400 support level following a major miner deposit to Binance on September 21. Mining pools moved 19,866 BTC, marking the largest miner-to-exchange inflow spike since August 25, when over 25,000 BTC was transferred. According to CryptoQuant, the transfer reflects standard profit-taking for capital expenditures, operating costs, taxes, and hardware upgrades. Spot liquidity absorbed the supply without triggering an immediate sell-off, continuing a post-2024 decoupling of miner transfers from sharp market downturns.