Bitcoin miner reserves fell to about 1.1919 million BTC as of Aug. 15, according to ChainCatcher. The figure was down by 885 BTC from a week earlier, marking the lowest level recorded since May 31. Over the same period, the Bitcoin network’s total hash rate also moved lower. ChainCatcher added that the Puell Multiple, a metric often used to track miner revenue conditions, remained at 0.75. The update points to a decline in miner-held Bitcoin and a simultaneous easing in network hash rate, while the Puell Multiple stayed unchanged at the reported level.
Bitcoin miner holdings dropped to about 1.1919 million BTC as of Aug. 15, down 885 BTC from a week earlier and the lowest level since May 31, according to ChainCatcher.
During the same period, total Bitcoin network hash rate declined, while the Puell Multiple held at 0.75.
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