Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
TechFlow news, according to IntoTheBlock data, miner Bitcoin balances have dropped to their lowest level in 14 years, declining from 1.95 million at the beginning of the year to 1.9 million BTC.
Lucas Outumuro, Research Head at IntoTheBlock, said that over time, due to profit pressures from the halving, miners are expected to continue reducing their Bitcoin holdings, making them more likely to sell their reserve Bitcoin.
According to IntoTheBlock, miner Bitcoin balances have dropped to their lowest level in 14 years, declining from 1.95 million at the beginning of the year to 1.9 million. Lucas Outumuro, Research Director at IntoTheBlock, said that over time, due to profit pressures from halving events, Bitcoin holdings by miners are expected to continue decreasing, making them more likely to sell their reserve Bitcoin.
Navigating Web3 tides with focused insights
