Bullish
Bitcoin Miner Holdings Drop to 1.19M BTC, Lowest Since May 31
13:16
Miner reserves fell by 885 BTC to 1.1919M, a low not seen since late May, coinciding with a network hash rate decline and a stable Puell Multiple of 0.75.
Woofun AI data shows that Bitcoin miner holdings declined to approximately 1.1919 million BTC as of August 15, representing a weekly decrease of 885 BTC. This figure marks the lowest inventory level recorded since May 31.
Concurrently, the network's overall hash rate experienced a downturn, while the Puell Multiple held steady at 0.75.
WOOFUN AI
Impact Assessment · Quick Read
The reduction in miner reserves suggests increased selling pressure or operational costs forcing asset liquidation. With the Puell Multiple below 1, miner revenue remains constrained relative to issuance, potentially sustaining short-term supply-side pressure on BTC prices.
Generated by WOOFUN AI · For reference only, not investment advice
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