Miners' bitcoin balances fall to their lowest level in 14 years
2024-06-20 08:57:11
According to IntoTheBlock, miners' bitcoin balances fell to their lowest level in 14 years, from 1.95 million at the beginning of the year to 1.90 million. Lucas Outumuro, head of research at IntoTheBlock, said miners' bitcoin holdings are expected to continue to decrease over time due to profit pressure from the halving, making them more likely to sell reserve bitcoins.
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