Kaiko: The total amount of Bitcoin held by miners has dropped to a three-year low

ChainCatcher news, according to a report by Bloomberg, the cryptocurrency research firm Kaiko has shown that as of August 3, the total amount of Bitcoin held by miners has dropped to approximately 1,510,300 coins, a decrease of about 2.4% from the record high in December 2020, valued at around 86 billion dollars at current prices, accounting for 8% of circulating Bitcoin.

Since the rise in Bitcoin prices at the end of 2023, miners have been continuously selling tokens to cover operational costs. Although the increase in network fees after the halving has temporarily alleviated revenue losses, the average fee has fallen from 143 dollars to 2 dollars.