According to IntoTheBlock, the Bitcoin balance of miners has dropped to the lowest level in 14 years, from 1.95 million at the beginning of the year to 1.9 million. Lucas Outumuro, head of research at IntoTheBlock, said that over time, due to the profit pressure brought by halving, the Bitcoin held by miners is expected to continue to decrease, making them more likely to sell their reserve Bitcoin. (Cointelegraph)