Miners’ Bitcoin balances fall to 14-year low

Miners' Bitcoin balances have dropped to the lowest level in 14 years, from 1.95 million at the beginning of the year to 1.9 million. Lucas Outumuro, Director of Research at IntoTheBlock, said that over time, as the profit pressure brought about by the halving continues, miners are expected to continue to reduce their holdings of Bitcoin, making it more likely that they will sell their reserve Bitcoin.