{"id":161214,"date":"2025-06-27T21:00:24","date_gmt":"2025-06-27T18:00:24","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=161214"},"modified":"2025-06-27T18:06:06","modified_gmt":"2025-06-27T15:06:06","slug":"bitcoin-hashrate-declines-3-5-but-miners-hold-firm-amid-market-weakness","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-hashrate-declines-3-5-but-miners-hold-firm-amid-market-weakness\/","title":{"rendered":"Bitcoin Hashrate Declines 3.5%, But Miners Hold Firm Amid Market Weakness"},"content":{"rendered":"
The dip comes amid falling transaction fees and weaker price action, which are squeezing miner margins following April\u2019s block reward halving.<\/p>\n
Despite growing pressure, the expected wave of miner capitulation has not yet appeared.<\/p>\n
According to CryptoQuant, outflows from miner wallets have dropped sharply \u2014 from 23,000 BTC per day in February to just 6,000 BTC currently. Moreover, there have been no major BTC transfer spikes to exchanges, a typical precursor to mass selling.<\/p>\n
Wallets linked to Satoshi-era miners have also remained largely inactive, with just 150 BTC sold in 2025, compared to nearly 10,000 BTC in 2024. This suggests long-term holders are staying put.<\/p>\n
<\/p>\n
In a key signal of conviction, miner-held reserves are growing, implying that most miners are choosing to weather the downturn rather than offload their coins at current price levels \u2014 with Bitcoin hovering near local lows.<\/p>\n
\u201cThis further suggests there\u2019s no selling pressure coming from miners at these price levels,\u201d CryptoQuant concluded.<\/p>\n