Bitcoin Miner Holdings Decrease by 4.74% Over the Past Year

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Bitcoin Miner Holdings Decrease by 4.74% Over the Past Year | Flash News Detail | Blockchain.News

12/15/2024 12:52:44 PM

According to JA_Maartun, the balance of Bitcoin held by miners has decreased from 1.99 million BTC to 1.9 million BTC over the past year, marking a 4.74% reduction. This steady offloading by miners suggests they are selling Bitcoin primarily to cover their operational costs, rather than for profit-taking. This trend is important for traders as it indicates a potential stabilization in miner selling pressure, which could affect Bitcoin's market supply dynamics. (Source)

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