Bitcoin Miner Reserves Drop to 1.81 Million BTC Amid Price Plateau

Bitcoin miners are actively reducing their holdings as the cryptocurrency’s price remains stuck below the $100,000 mark. According to CryptoQuant, miner reserves have dropped to 1.81 million BTC, the lowest level since the beginning of the year.

Experts note that miners are selling accumulated bitcoins to secure profits or cover operational costs. The decrease in reserves could pressure the market and slow down Bitcoin’s price growth.

A negative miner netflow of -1,172 BTC indicates a continuing trend of coin sell-offs, which may affect market dynamics in the short term.