Bitcoin miners' holding influence has declined for four consecutive years, with their over-the-counter (OTC) balance falling to 139,700 coins.
8 hours ago
CryptoQuant analyst Axel Adler Jr. has released data showing that since November 2021, the Bitcoin balance of over-the-counter (OTC) addresses linked to Bitcoin miners has dropped from 500,000 BTC to 139,700 BTC, a cumulative decline of nearly 72%. This trend has persisted for over four years, indicating that the group’s Bitcoin reserves are steadily contracting.
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