Bitcoin (BTC) reserves belonging to miners have fallen to their lowest level since 2021.
On-chain analysis platform Crypto Quant revealed remarkable data about Bitcoin miner reserves. Shared by the analysis platform on February 2 in postBitcoin reserves belonging to miners to its lowest level since 2021 While it is stated that there is a decline, especially significant decrease in the last 2 days place was given.
In the data in question, only the miner reserves in the last 2 days. $600 million Bitcoin exit It was noted that:
In the last two days, miner reserves have fallen by more than 14 thousand Bitcoins, which means a decrease of approximately $ 600 million.
It is expected to take place next May Bitcoin halving increased the selling pressure on miners. With the halving, the majority of miners around the world will lose their money if the Bitcoin price cannot rise above $42,000. will start operating at a loss.
Aiming to be prepared for such a scenario, miners have made a profit for themselves by disposing of their still-profitable Bitcoins, months before the halving. insurance they provide. This situation naturally has an impact on Bitcoin. selling pressure also gives birth.