Miners began to sell bitcoins more actively as the rate increased. The number of coins in their wallets fell to the lowest level since July 2021.

Since the beginning of 2024, their reserves have decreased by 8,426 BTC (approximately $530 million), the balance of wallets associated with miners that are monitored by analytical services is 1,812,482 BTC.

On the graph, the yellow line is the balance of miners’ wallets, the black line is the Bitcoin rate.

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