Bitcoin Miner Revenue Falls to $34 Million, Lowest in Two Months

Bitcoin miner revenues have fallen to a two-month low, with daily mining revenue at $34 million as of June 22, the lowest since April.

  • Declining transaction fees and Bitcoin's low price impact miner incentives.
  • Hashrate decreased by 3.5% since June 16, the largest drop since July 2024.
  • No significant outflows from miner wallets; daily outflows dropped from 23,000 BTC in February to 6,000 BTC currently.
  • Satoshi-era miners sold only 150 BTC in 2025, compared to nearly 10,000 BTC in 2024.
  • Miner reserves are increasing; addresses holding 100 to 1,000 BTC added 4,000 BTC since March, reaching their highest levels since November 2024.
  • Miners appear to be holding onto assets, suggesting minimal selling pressure at current prices.

(CryptoQuant)