indicates the reserve that miners have yet to sell. At press time, 1.81 million BTC valued at $125 billion at current market prices were held across miner wallets.When BTC Miner Reserve declines, it suggests that miners on the Bitcoin network are distributing their coins for profit or to sort mining costs.
After the halving event, the metric rose briefly to peak at 1.82 million BTC on 23rd April, after which it re-commenced its downtrend. Since then, the amount of BTC miners held has declined by 1%.Per CryptoQuant’s data, the flow of BTC from miners’ wallets to exchanges assessed has declined by 48% since its year-to-date high of 11,853 BTC recorded on 27th March.This, however, does not mean that miners have not been selling their coins.
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