ChainCatcher news, according to Bloomberg citing CryptoQuant data, Bitcoin miner reserves (unsold Bitcoins held in digital wallets associated with the company) have decreased by 8,400 since the beginning of 2024 to 1.8 million, last seen This level is in June 2021. Analysts said the drop indicated miners were selling Bitcoin.
Matthew Sigel, head of digital asset research at VanEck, said: "Miners have begun selling tokens to improve their balance sheets and fund growth capital expenditures in preparation for the difficult period when the block reward will be halved in April. After the halving, computing Scale will become even more important." According to CryptoQuant data, 3,617 Bitcoins have been transferred from miner wallets to trading platforms since the ETF was approved.
