🔽 Bitcoin miners' reserves have dropped to a 3-year low— the total number of coins held by miners has decreased to 1,510,300 BTC, which is approximately 2.4% less than the record amount held in December 2020.
At current prices, the total value of BTC assets on the balance sheets of mining companies is around $86 billion, or about 8% of all BTC in circulation.
The profitability of Bitcoin miners has also fallen to a record low.