“Mines are earning less at any point this year, but they’re still holding onto their coins.”, – WRITE: www.coindesk.com
A rear View of the terraminer IV. (Coindesk Archives)
- Bitcoin Miner Revenues have Fallen to their Lowest in Two Months, with Daily Earnings Dropsing to $ 34 Million.
- Despite Declining Profitability, There Is No Sign of Forced Selling As Miner Wallet Outflows Remain Low.
- Miner Reserves Are IncreASING, INDICATING A Long-Term Strategy Amid Current Low Prices.
Miner Revenues have slid to their Lowest Levels in Two Months, But There’s Still No Sign of Forced Selling, Even As Profitability Falls.
Daily Mining Revenue Droped to $ 34 Million on June 22, The Weakest Since April and Among the Lowest Levels Over The Past Year, Cryptoquant Said in A Weekly Report Shared Witch.
The Drop ComESS As Transaction Fees Decline and Bitcoin Hovers Near Local Lows, Reducing Overall Incentives for Mines to Stay Online.
(Cryptoquant)
Hashrate Has Dipped 3.5% Since June 16, Marking The MOST SIGNFICANT PULLBACK IN NETWORK Computing Power Since July 2024 Following the Halving.
Yet The Expectioned Wave of Miner Capitulation Hasn’t Materialized. Outflows from Miner Wallets have Remoned Muted, Sliding from 23,000 BTC per day in February to around 6,000 BTC Currently – with no excange transfer spikes recorded.
Even Wallets Tied to Satoshi-Era Miners, OThten a Bellwether for Long-Term Sentiment, Have Barely Budged: Just 150 BTC Sold So Far In 2025, Compared to Nearly 10.000 BTCODC.
Satoshi-Aera Miners Refer to Network Participants Who Mined Their Coins Durying The Very Early Days of the Bitcoin Network, Typically Between 2009 An 2011, WHEN SATOSHI NAKAMOTO Was Still Active Online Forums.
Meanwhile, Data Shows Miner Reserves Are Growing. Addresses Holding Between 100 and 1,000 BTC-Typically Operated by Mid-Sized Mining Entities-Have Adeded 4,000 BTC Since March, Pushing Balances to Their Highest Leveels Since Since
The takeaway is miners are playing the long game, either anticipating a rebound or preferring to burn Through Cash Rather than Sell at Current Prices.
“This Further Suggests There’s No Selling Pressure Coming from Miners at Tese Price Levels,“ Cryptoquant Concluded.
Shaurya Holds Over $ 1,000 in Btc, Eth, Sol, Avax, Sushi, Crv, Near, YFI, YFI, SHIB, DOGE, USDT, USDC, BNB, MANA, MLN, LINK, XMR, ALGO, CAKE, Vet, Vet, Vet RUNE, FTM, ZIL, KSM, ENJ, CKB, JOE, GHST, PERP, BTRFLY, OHM, Banana, Rome, Burger, Spirit, and ORCA.
He Provides Over $ 1,000 to Liquidity Pools on Compound, Curve, Sushiswap, Pancakeswap, Burgerswap, Orca, AnaSwap, Spiritswap, Roki Protocol, Yearn Finance Olympusdao, Rome, Trader Joe, and Sun.
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