Bitcoin Miner Reserves Fall to 14-Year Low

BlockBeats news, June 20, according to Cointelegraph, the number of bitcoins held by bitcoin miners has fallen to the lowest level in 14 years. As of June 19, miners' reserves fell to 1.9 million bitcoins, compared with 1.95 million bitcoins at the beginning of the year.

According to Lucas Outumuro, head of research at IntoTheBlock, as the pressure brought by the halving of bitcoin affects miners' profit margins, miners are expected to gradually reduce their holdings of bitcoin, making them more likely to sell their reserves.