According to CryptoQuant, Bitcoin miner reserves are declining. In a recent tweet, CryptoQuant pointed out that Bitcoin miner reserves fell from nearly 1.862 million BTC to 1.801 million BTC, a net sell-off of about 61,000 BTC since the start of this cycle.
Large Bitcoin miners have apparently sold, with CryptoQuant highlighting the BTC sold in this regard.
Miner Reserves Declining.
Since the start of this cycle, miner reserves fell from ~1.862M BTC to 1.801M BTC, a net sell of ~61K BTC.
Verified selling:
• Riot Platforms: 4,026 BTC
• Marathon Digital: 13,210 BTC
• Core Scientific: 1,992 BTC
Simultaneously, AntPool miner… pic.twitter.com/xg9wrLshuH
Riot Platforms is believed to have sold an estimated 4,026 BTC, while Marathon Digital and Core Scientific sold 13,210 BTC and 1,992 BTC, respectively. However, AntPool miner balances have seen an uptick in recent days.
You Might Also Like
Mon, 03/23/2026 - 06:36 Bitcoin Hashrate Drops as Miners Switch to AIByAlex Dovbnya
HOT Stories Bitcoin Pushes 200-Day Return to $87,000 Amid Quantum Fears, XRP Price's Rare Double-Bottom Opportunity Appears, Binance Lists Microsoft and Alibaba on TradFi Roaster: Morning Crypto Report Hayes Questions If Bitcoin Bottom Is In
Along the lines of CryptoQuant analysis, MARA Holdings reduced its Bitcoin stash in part to place more focus on developing AI infrastructure, with the company selling about $1 billion worth of the token in recent weeks.
What's happening?
The shift comes as revenue earned for validating transactions on the Bitcoin blockchain has dropped owing to a BTC price drop and rising energy costs. Bitcoin mining gross margins have fallen from above 90% during the 2021 bull run to around 60%. This follows as Bitcoin has dropped as much as 50% from an all-time high of around $126,000 reached in October.
You Might Also Like
Mon, 04/13/2026 - 15:58 Bitcoin Prints 10,860% Liquidation Imbalance as BTC Price Briefly Taps $72,530 Amid Oil CrisisByGamza Khanzadaev
The hash price, a key measure of revenue for Bitcoin miners, has hit record lows in recent weeks, as well as mining difficulty, an indicator of total computing power used for mining, which has also seen sharp declines, indicating some miners have unplugged their machines since their operations are unprofitable.
Bitcoin miners obtain revenue from the block subsidy (the new Bitcoin created each block is awarded to the miner who solved the proof of work) and fees paid by users so that their transactions get included in a block.
The health of miners and the Bitcoin network can be observed through transaction fees and block rewards. Fees typically increase when network activity is strong — when a lot of transactions need to be processed — and can signal market cycles.
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
