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2024/02/04 23:41

Bitcoin miner reserve hits a low

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Recent data from CryptoQuant showed a notable increase in selling pressure from Bitcoin miners over the past few weeks. According to analysis, this heightened selling activity has had a negative impact on the Miner Reserve.

Over 14,000 BTC, equivalent to about $600 million, left the reserve in the last few days. This reduction marks the lowest level the reserve has experienced since July 2021.

Also, the latest analysis of the reserve showed it currently holds about 1.83 million BTCs. Notably, the reserve continued to decline further at the time of this writing.
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