# Miners

599.12K
Bitcoin Halving Supply Shock Hit Hard as Miner Reserves Fell to a 14-Year Low
New supply dried up while buyers kept buying. Bitcoin miner reserves fell to a 14-year low this week, with tracked wallets holding just 1.81 million BTC. Daily issuance sits near 450 coins after the halving, yet ETF and corporate buying ran near 3,200 BTC per day for the last ten sessions. The gap is now 7x, and the order book shows it.
Hash price data tells why miners sell. At $52 per PH per day, margin for mid-cost rigs fell 18% month over month as difficulty hit 92 T. Older S19s went idle, and hash rate dipped 4
BTC0.52%
post-image
post-image
  • Reward
  • 5
  • Repost
  • Share
yellow_daisy:
To The Moon 🌕
View More
Bitcoin Halving Supply Shock Hits the Desk as Miner Sell Pressure Drops 67%
Liquidity dried up, and it was by design. The quadrennial block reward cut took effect, slicing new BTC issuance from 900 to 450 coins per day. Miners who once sold to cover power now sit on inventory. Exchange inflows from mining pools fell 67% week over week, the sharpest drop since the last cycle. OTC desks report wider tickets and longer fill times because the steady seller is gone.
Order book reality
Depth on top venues tells the story. The 2% bid-ask stack for BTC/USD thinned to $58 million from $96 million bef
BTC0.52%
GBTC0.60%
  • Reward
  • Comment
  • Repost
  • Share
Bitcoin Miners Facing a Wall According to Wintermute - #bitcoin #cryptoetf #miners
BTC0.52%
post-image
  • Reward
  • Comment
  • Repost
  • Share
Load More

Join 40 M users in our growing community

⚡️ Join 40 M users in the crypto craze discussion
💬 Engage with your favorite top creators
👍 See what interests you
  • Pinned