According to BlockBeats, a report from CryptoQuant on August 1 indicates that the number of bitcoins sold by miners is currently decreasing. Since early July, miners' daily revenue has increased by nearly 50%. As of July 29, the hash rate of miners stood at 604 EH/s, marking a 6% increase since July 9.

Currently, miners' daily revenue is approximately $32 million, compared to the year-to-date low of $22 million recorded in early July. The higher revenue has supported the recovery of the network's hash rate.

The increase in revenue has led to a reduction in the amount of BTC sold from miners' reserves over the past few weeks. According to the report, the outflow of funds from miners is generally lower than earlier this year, indicating that as prices recover, the selling pressure from miners has eased.