Bitcoin miners’ holdings remained stable in February at around 1.82 million BTC despite miners’ sales ahead of the halving.
Bitcoin miners’ reserves remained stable in February, despite $40 billion in flows from mining pools to crypto exchanges, according to data from CryptoQuant.
On Feb. 28, miners’ wallet reserves had 1.828 million in Bitcoin (BTC) holdings, a marginal difference from Feb. 1, when their reserves stood at 1.827 million.
Despite maintaining holding levels, recent fluctuations in BTC price triggered significant sales from miners over the week, with at least 40,000 BTC sold on Feb. 26 as the cryptocurrency’s price broke above $52,000, revealed CryptoQuant.
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Source: https://cointelegraph.com/news/bitcoin-miner-reserves-held-steady-february-despite-40-billion-dollar-flows-exchanges