Data: Since February, miners have accumulated $600 million worth of Bitcoin

Data: Since February, miners have accumulated $600 million worth of Bitcoin


According to reports, despite the recent market turmoil, Bitcoin miners seem to be reluctant to sell their BTC as the computing power of Bitcoin's entire network increases. According to the analysis of on-chain analytics provider Glassnode, as the network's computing power continues to recover, Bitcoin miners accumulate BTC, and their current balance is still increasing. In the past six and a half months, wallets associated with miners have stored 14,000 BTC, valued at approximately US$600 million. Glassnode also pointed out in its analysis report that, compared with the previous market cycle, during the bull market in 2020 and 2021, miners retained BTC to get more returns. With the recovery of Bitcoin network computing power in the third quarter of 2021, the trend for miners to accumulate BTC continues.

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