This massive decline in miner reserves comes at a time when the broader cryptocurrency market is witnessing a surge in institutional interest and growing mainstream adoption., the last time miner reserves were this low, bitcoin was still in its infancy. Bitcoin creator Satoshi Nakamoto was actively working on the project, and the concept of altcoins had yet to emerge.
The diminishing miner reserves can be attributed to several factors, one of them being the increasing cost of mining operations and the demand for selling mined bitcoins at profitable prices.
Source: Digital Coin News (digitalcoinnews.net)
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