Top five BTC miners not selling despite Bitcoin halving
The five largest Bitcoin mining firms are not selling in anticipation of the Bitcoin halving, despite historical data suggesting a significant post-halving drop in BTC mining revenue.
The five largest Bitcoin mining firms are not selling Bitcoin (BTC), despite the 50% supply issuance reduction of the upcoming Bitcoin halving.
Bitcoin selling by the top five mining firms slowed to a two-year low in the first quarter of 2024, when the five largest miners sold a total of approximately 2,000 BTC, according to an April 10 report by Bitwise.
The last time the top five mining firms sold less than 2,000 BTC was in the first quarter of 2022. In comparison, the five largest mining firms sold over 7,000 BTC in the fourth quarter of 2023.
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Author: Zoltan Vardai
