Summary
- Bitcoin miners' holdings have been continuously decreasing since April.
- The decrease in miners' holdings has had no clear impact on Bitcoin price.
- The holdings of whales and sharks, other than miners, have been continuously increasing.
Bitcoin (BTC) miners' Bitcoin holdings have been continuously decreasing.
On the 5th (local time), Santiment stated on X, "Since April this year, Bitcoin miners' holdings have been continuously decreasing," adding, "In the past 48 hours, 85,503 BTC have decreased from miners' wallets." They further commented, "This is the most extreme decrease since the end of February," but assessed that "the change in miners' holdings has had no clear correlation with Bitcoin's price this year."
Meanwhile, Santiment added that the Bitcoin holdings of whale and shark addresses, which are not miners, have been continuously increasing.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
