Bitcoin Miners See Decline in Earnings but Selling Pressure Eases, Holdings Reach Highest Level Since November 2024 - Cryptoquant

According to a report published by Cryptoquant on the 26th, Bitcoin (BTC) miners are experiencing a decline in earnings, yet selling has been restrained, leading to an increasing trend in holdings. The analysis by the company indicates that miners' daily earnings dropped to $34 million on June 22, marking the lowest level since April 20, about two months prior. The factors contributing to the decline in earnings include the reduction in block rewards due to the halving event, decreased transaction fees, and a drop in Bitcoin prices. Concurrently, the network hash rate has also decreased by 3.5% since June 16, representing the largest drop since July 2024.