Daily Income of Bitcoin Miners Drops to Record Low
According to the latest data from CryptoQuant, on June 22, the daily income of Bitcoin Miners dropped to just 34 million USD, the lowest level since April 20. This indicates increasing market pressure on mining activities, but notably, Miners continue to accumulate significant amounts of BTC. This reflects a long-term coin holding trend amid price volatility and reduced profits.
Miners Intensify BTC Hoarding Despite Reduced Income
From April to date, the amount of BTC held by Miners owning 100 to 1,000 BTC has increased by 4,000 coins, reaching 65,000 BTC. This is a signal that mining parties are taking advantage of the market correction phase to accumulate more assets. Meanwhile, the total network mining capacity has decreased by 3.5% in the past 10 days – the largest decline since the expected halving in July 2024.
Reduction in BTC Outflow from "Satoshi Era" Miners
2025 is predicted to see Miners from the "Satoshi" era selling only around 150 BTC, a significant drop from the 10,000 BTC in the same period of 2024. The daily BTC withdrawn from Miners' wallets has also decreased from 23,000 BTC in February to 6,000 BTC currently. Simultaneously, the number of coins transferred directly to exchanges remains low, indicating a trend of tightening market trading flow.
48% Profit Margin Supports Miners' Hoarding Strategy
The current operating profit margin of 48% helps Miners maintain a hoarding strategy instead of widespread BTC selling. This stability contributes to consolidating Miners' reserves, creating a solid foundation for price recovery stages. The BTC in Miners' hands is now close to the reserve levels of November last year, when Bitcoin broke through the historical peak of 73,800 USD before a deep correction.
Miners choosing to retain a large amount of BTC in a context of increasingly declining income not only confirms the network's intrinsic strength but also creates limited supply pressure in the market. This is a positive signal for cryptocurrency investors seeking long-term opportunities, helping to shape the overall picture of Bitcoin's development trend in the coming time.
