2022-12-29 11:49:02
BTC Miner Balances Are Expected To Fall
At the start of the year, Bitcoin miner balances were 1.82 million. Despite capitulation peaks and heavy selloff volume, BTC miner wallets remain unchanged at 1.8 million BTC.
Mining incentives kept in BTC miners’ wallets began to fall sharply in August, most likely owing to the Poolin migration. This year witnessed the third-largest 30-day BTC selloff by miners, with 112% of mined supply plus treasury being spent. On the other hand, the first and second-largest selloffs came during the 2013 and 2021 bull runs, when miners sold their BTC for a profit rather than a loss.
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