Bitcoin Miners Maintain Hold Despite Lowest Earnings in a Year: A CryptoQuant Analysis

Bitcoin miners are facing some of their poorest earnings in history, yet they haven't resorted to panic selling. Market intelligence platform CryptoQuant's data analysis shows a significant decline in miner revenues, with daily revenues reaching a two-month low of $34 million on June 22 due to lower transaction fees and a dip in Bitcoin's price.

However, despite low revenues, miner outflows have also reduced, suggesting reduced selling. Miners holding between 100 and 1,000 BTC have even increased their collective holdings. Additionally, Satoshi-era miners have sold a mere 150 BTC this year compared to 10,000 BTC last year, hinting that there is still potential for Bitcoin's growth.