Bitcoin (BTC) miner reserves remained stable in February.
Bitcoin miners chose to keep their reserves constant in February. According to data provided by on-chain analysis platform CryptoQuant, at the beginning of February 1.827 million Bitcoins reserves belonging to miners who are 29 February on the day It remained stable at 1,828 million BTC.
Miners, taking advantage of the price volatility, made a profit on February 26, approximately 40,000 BTC sales Even though it did, there was no decrease in its reserves thanks to the amount of Bitcoin produced in the last month.
Months before the Bitcoin halving, miners’ lack of selling action was interpreted as a positive indicator. Historically, miners To maximize profits before Bitcoin halving There was a tendency to sell BTC reserves aggressively.
Most of miners’ pre-halving sales January It took place in . at the beginning of january 1,840 million BTC The mining reserve of 1 at the end of JanuaryUp to .827 million BTC had regressed.