Miner Bitcoin Balance Slightly Decreases: Operating Costs Become Key 🎢

On-chain analyst Maartunn shared data from IntoTheBlock on X, showing that miners' Bitcoin balance has decreased from 1.99 million coins to 1.90 million coins over the past year, a drop of 4.74%. This indicates that miners are steadily selling Bitcoin, but the amount is not significant. 📉

This trend may suggest that miners are selling some Bitcoin to cover operating costs, rather than losing confidence in the market outlook. ⛏️

Nevertheless, this slight change also reminds us to pay attention to the potential impact of miner behavior on the market. 🔍