Data: Miners' Bitcoin balances drop to the lowest level in 14 years

ChainCatcher news, according to Cointelegraph, based on data from IntoTheBlock, the amount of Bitcoin held by miners has dropped to its lowest level in 14 years. As of June 19, miners' reserves fell to 1.9 million Bitcoins, down from 1.95 million Bitcoins at the beginning of the year.

According to Lucas Outumuro, head of research at IntoTheBlock, as the pressure from the Bitcoin halving affects miners' profit margins, it is expected that miners will gradually reduce their holdings of Bitcoin, making them more likely to sell their reserves.