Crypto Miners Run Down Bitcoin Inventory to 3-Year Low in a Strategic Pre-Halving Move

The biggest and most established global hub for everything crypto, blockchain and Web3.Bitcoin miners have been running down inventory in a rising market, moving away from the accumulation strategy seen ahead of the previous halving in May 2020.

The so-called miner balance has fallen by 27,000 since November, implying steady selling in the months leading up to the. The pivotal event is set to reduce the per-block BTC emission to 3.125 BTC from 6.25 BTC. The rally has allowed miners to take profits at higher prices and fund equipment upgrades to prepare for the reduced rewards rate, according to algorithmic trading firm Wintermute.

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