Bitcoin miners hold firm as daily revenues hit multi-month lows of $34 million

Bitcoin miners are holding onto their assets adjacent arsenic mining profitability dips to multi-month lows, a caller CryptoQuant study shared with CryptoSlate shows.

The information reveals that miner revenues dropped to $34 cardinal connected June 22, marking their weakest net since April 20.

Bitcoin Miners Daily Revenue (Source: CryptoQuant)

This comes amid a broader marketplace pullback and a driblet successful transaction fees, which person reduced net crossed the network.

The falling transaction fees tin beryllium linked to Bitcoin’s web enactment dropping to levels not seen successful implicit a year. This is due to the fact that investors present mostly presumption the apical crypto arsenic a store of worth alternatively than a means of payment.

Due to this, astir investors clasp connected to their assets and bash not walk oregon transact with them.

However, this attitudinal alteration is having a wide impact connected Bitcoin miners, who are present astatine their lowest paid level since July 2024.

Bitcoin Miner Profit/Loss. (Source: CryptoQuant)

Bitcoin miners garbage to sell

Despite declining revenues, BTC miners look committed to holding their assets alternatively of selling to enactment up their earnings.

CryptoQuant’s information shows that regular BTC outflows from miner wallets to exchanges person fallen sharply, from a February highest of 23,000 BTC to conscionable 4,000 BTC arsenic of June 26.

Bitcoin Miners Exchange Flows (Source: CryptoQuant)

This reluctance to merchantability is besides evident among alleged “Satoshi-era” miners, who person offloaded conscionable 150 BTC successful 2025, down from 10,000 BTC sold passim 2024.

CryptoQuant attributes this behaviour to comparatively steadfast operating margins. According to the firm, miners inactive run with a 48% borderline based connected Net Unrealized Profit and Loss (NUPL) metrics data.

Moreover, Miner-held Bitcoin reserves person besides risen implicit the past months.

Bitcoin Miners Reserve (Source: CryptoQuant)

According to CryptoQuant, wallets holding betwixt 100 and 1,000 BTC person accrued their corporate holdings from 61,000 BTC astatine the extremity of March to 65,000 BTC by June 26. This is the highest level since November 2024, signaling continued assurance and constricted tendency to currency out.

The station Bitcoin miners clasp steadfast arsenic regular revenues deed multi-month lows of $34 million appeared archetypal connected CryptoSlate.