💦💦Bitcoin’s Data Has Dropped to a Two-Month Low: Yet No Selling Pressure Exists! 💦💦

Bitcoin (BTC) miners are reluctant to sell their assets despite their revenues dropping to the lowest level in the last two months.

As of June 22, Bitcoin mining revenues fell to $34 million daily, marking the lowest point in the last two months. According to the weekly report published by CryptoQuant, this decline stands out as one of the weakest revenue periods recorded since 2023. The proximity of Bitcoin to local low levels and the decrease in transaction fees are significantly pressuring miners' earnings.

However, despite this decline, the expected selling pressure from miners has not materialized in the markets. The amount of BTC leaving miners' wallets has remained quite limited. Outflows, which averaged around 23,000 BTC per day in February, have now decreased to about 6,000 BTC. Similarly, large volume transfers to exchanges have not been observed thus far.

Another notable detail is the silence of Bitcoin's early miners, known as the “Satoshi era” addresses. Only 150 BTC have been sold from these addresses throughout 2025. By comparison, this figure was around 10,000 BTC in 2024. This behavior suggests that many old miners still believe that prices will rise.

Additionally, mid-sized mining addresses holding between 100 and 1,000 BTC are also drawing attention. Wallets in this group have accumulated an additional 4,000 BTC since March, bringing their reserves to the highest level since November 2024.

According to CryptoQuant's assessment, the current price levels do not seem sufficient to prompt miners to sell. The data reveals that miners are adopting long-term strategies rather than reacting to short-term price fluctuations and largely preserving their Bitcoin supplies.