Bitcoin Miners Hold On To Their Coins Despite Low Profitability — Details
2025-06-29 21:11:41
Main Idea
Bitcoin miners are holding onto their coins despite low profitability, while BTC transaction fees have dropped to their lowest levels since 2012.
Key Points
1. Bitcoin miners are retaining their BTC holdings even though profitability is historically low.
2. BTC transaction fees have reached their lowest levels since 2012, as noted by blockchain analytics firm Alphractal.
3. Large mining operations may be shutting down ASIC machines due to falling revenues and low network demand.
4. Despite low profitability, selling pressure from miners remains minimal, as indicated by the low Miner Sell sign.
5. BTC is currently valued at around $107,375, showing minimal movement with only a 0.3% increase in the past 24 hours.
Description
According to the latest on-chain data, Bitcoin miners refuse to offload their BTC holdings despite profitability being historically low. BTC Transaction Fees At Lowest Level Since 2012 In a new post on X, blockchain analytics firm Alphractal revealed that Bitcoin miners are still holding on to their reserves despite the decline in revenue. The on-chain data platform discussed the reasons behind this trend and its potential implications on the BTC mining industry. Firstly, Alphractal highlighted ...
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