Bitcoin miner reserves hold steady as selling stay

Bitcoin miner reserves hold steady as selling stays limited

Data shows miner reserves have stayed steady at around 1.808 million BTC in recent months.

This means miners, including large public firms like CleanSpark, haven’t been selling heavily despite Bitcoin’s price reaching about $116,600.

In-house flow data, tracking movements within miner wallets, shows brief spikes linked to routine operations rather than big exchange sales.

With reserves stable and selling limited to periods of price strength, miners appear to be following a “hold-first” strategy.

This approach likely supported Q3 profits across the industry, even as rising network difficulty and energy costs continue to pressure operations.