Public blockchain data and reports from major cryptocurrency analytics firms like Glassnode, Coinmetrics, etc.

Bitcoin Miners' Holdings Drop to Lowest Level Since 2010 Amid 5% Drop Below $66,000

Jun 14, 2024, 05:20 PM

Bitcoin miners' holdings have fallen by 0.33% since April's halving, reaching the lowest level since 2010 at 1.81 million BTC. This decline comes amid a broader cryptocurrency market selloff, with Bitcoin dropping below $66,000 and experiencing a 5% decrease. Over $150 million worth of long positions have been liquidated in the last four hours. The cryptocurrency market has seen a violent selloff for the second consecutive Friday, with Bitcoin down nearly 8% week-over-week, outperforming the broader market significantly. Despite the 5% drop in Bitcoin, miners should have been down at least 10%, but they are not, which is considered super bullish.