As the highly anticipated Bitcoin halving event approaches on April 19, a fascinating trend is emerging among miners. Unlike the pre-halving sell-offs witnessed before the Halvings of 2016 and 2020, miners accumulate, going against previous trends.
Miners Accumulating Bitcoin
In a post on X, one analyst, while citing CryptoQuant data, notes that since the beginning of 2024, the total BTC balance held by miners has grown by a staggering 12,100 BTC, reaching a total of 217,000 BTC.
This behavior starkly contrasts with what happened in 2016 and 2020 before the network slashed miner rewards. Then, reading from data, most miners were sizing down their holdings in anticipation of possible revenue slumps post-Halving.
Halving is set at the protocol level and slashes miner block rewards by half, currently from 6.25 BTC to 3.125 BTC. This way, miners would have to expend more resources to generate the same revenue they would have in the previous epoch.
Accordingly, some smal
We współpracy z: https://bitcoinist.com/bitcoin-miners-accumulating-btc-100000/
