Bitcoin miners now hold a record 1.856M BTC — new data

Bitcoin miners now hold a record 1.856M BTC — new data

Miners go from sellers to hodlers again as the worst of June's capitulation phase seems to pass. Bitcoin (BTC) miners now own more BTC than at any time in history as the impact of the past months' turbulence wears off.According to data from on-chain analytics firm CryptoQuant, miners' BTC holdings increased dramatically in July.Miners keep stacking satsIn the latest sign of miners recovering from recent price weakness, the amount of BTC in their wallets has hit a fresh all-time high.As noted by CryptoQuant contributor and analyst Jan Wuestenfeld, their combined balance totaled 1,865,272....


Related News

All Mine: Which Bitcoin Miners Hold The Most BTC?

Bitcoin miners hold on to a lot of the BTC they mine; they are called the “original whales” for a reason. Here’s what the data says regarding which of the publicly listed mining companies hold the most coins. Why Do Bitcoin Mining Companies Keep BTC Treasuries? Before looking at the numbers, one question arises first. […]

Bitcoin Miners Unfazed By Crash As Hashrate Rockets Up To New Record

On-chain data shows the Bitcoin Hashrate has shot up to a new all-time high (ATH), despite the fact that BTC has continued its bearish trajectory. 7-Day Average Bitcoin Hashrate Has Just Set A New Record The “Hashrate” refers to a metric that keeps track of the total amount of computing power that the miners as […]

Record Bitcoin Difficulty Not Enough To Stop Miners: Hashrate Explodes To New...

On-chain data shows the 7-day average Bitcoin Hashrate has shot up to a new all-time high (ATH) despite network Difficulty being at a record level. Bitcoin Mining Hashrate Has Seen A Sharp Increase Recently The “Hashrate” refers to a Bitcoin indicator that keeps track of the total amount of computing power that the miners as […]

Puell Multiple: The Bitcoin Metric That Says BTC Miners Aren’t Ready To Sell

Miners determine more of bitcoin price than most investors understand. The price at which miners are willing to sell usually correlates with how much profit that they can make from selling the coins that they have mined. Depending on the price of the asset, miners usually choose to sell or hold it. This could influence the market price of bitcoin. Related Reading | Number Of Short-Term Bitcoin Holders Hits All-Time Low, How This Affects The Price Profitability is the major reason for mining. But when profitability goes down, miners either sell and cut their losses, or the other....

Bitcoin Price Tanks, But Miners Flex With Record Hashrate

On-chain data shows the Bitcoin miners have pushed their Hashrate to a new all-time high (ATH) despite the plunge in the asset’s price. 7-Day Average Bitcoin Hashrate Has Shot Up Recently The “Hashrate” is a Bitcoin indicator that keeps track of the total amount of computing power that the miners have connected to the network […]