Bitcoin: Why a drop in miner outflows could be good news

In the last few weeks, we have seen a slowdown in Bitcoin volatility. The hype that we saw during the Bitcoin ordinals season has died down significantly compared to now. This is important because ordinals contributed to higher miner revenue. Now that the market has cooled down, there is less miner revenue and thus lower miner outflows.represent a more plausible reason for the current slowed miner outflows. Miner inflows have also dipped considerably in the last few days.

miner reserves can offer more clarity on the same. The miner reserve metric was at a healthy premium from its lowest level registered towards the end of May.The miner reserve metric registered a sharp bounce between 27 May and 3 June. It was the sharpest spike that it experienced in the last 12 months. Such a major shift suggests that more miners are willing to HODL rather than cash out for short-term profits.

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