Bitcoin Miner Balances Decline by 4.74% Over the Past Year

According to Odaily, on-chain analyst Maartunn shared data from IntoTheBlock on platform X, revealing a notable trend in Bitcoin miner balances. Over the past year, the total Bitcoin held by miners has decreased from 1.99 million BTC to 1.9 million BTC, marking a decline of 4.74%. This steady reduction in Bitcoin reserves suggests that miners are consistently selling portions of their holdings. The data indicates that while miners are selling Bitcoin, the volume is not substantial. This behavior implies that miners might be liquidating some of their Bitcoin assets to cover operational expenses. The gradual sale of Bitcoin by miners reflects a strategic approach to managing their financial needs without causing significant market disruptions. This trend highlights the ongoing balance miners must maintain between holding Bitcoin for potential future gains and selling enough to sustain their operations.