Bitcoin balance held by miners’ addresses drops to lowest level since August 2021

Binance News · 2024-01-25T14:46:51.000Z

According to the Planet Daily report, on-chain data shows that the number of bitcoins held in miner addresses has hit 1.187 million BTC, falling to its lowest level since August 2021, down 15,000 BTC since October 2023. While the drop in the number of BTC in miner wallets has sparked market speculation, some analysts have pointed out that this does not necessarily indicate that miners are selling BTC, but is likely due to wallet restructuring.

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According to the Daily Planet, on-chain data shows that the balance of Bitcoin held in miners' addresses has reached 1.187 million BTC, which has dropped to the lowest level since August 2021 and has decreased by 15,000 BTC since October 2023. Although the sharp decrease in the number of BTC in miners' wallets has caused market speculation, some analysts pointed out that this does not necessarily mean that miners are selling BTC, and it is likely due to wallet reorganization.

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