"Miners' Bitcoin Holdings Decrease by 4.7% Over the Past Year... Some Sold to Cover Operating Costs"
Minseung Kang
Summary
- It has been analyzed that miners' Bitcoin holdings have decreased by 4.7% over the past year.
- Bitcoin holdings have decreased from 1.99 million BTC to 1.9 million BTC.
- It is likely that miners will sell Bitcoin to cover operating costs.
It has been analyzed that the Bitcoin (BTC) held by miners has decreased by 4.7% over the past year.
On the 16th, cryptocurrency analyst Matun announced on X (formerly Twitter) that "the Bitcoin balance held by miners has decreased from 1.99 million BTC to 1.9 million BTC over the past year, a decrease of 4.74%."
The analyst added, "Miners are steadily selling their holdings, but the scale is not large," and "it is likely that miners will sell Bitcoin to cover the operating costs of their mining operations."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
