Monitoring data cited by Odaily shows a steep drawdown in bitcoin balances held in miner-linked over-the-counter, or OTC, addresses. According to Axel Adler Jr., those holdings have dropped from 500,000 BTC in November 2021 to 139,700 BTC, a decline of nearly 72%.
The figures point to a long-running reduction rather than a short-term move. The balance has been falling for more than four years, based on the statement carried by Odaily. The data was presented as a sign that miners' reserves are being gradually depleted.
No additional breakdown on the addresses, transaction drivers, or time-series methodology was provided in the brief update. The reported figures focus specifically on BTC balances associated with miner-linked OTC addresses, not the broader holdings of all miners across the network.
Bitcoin balances held in miner-linked over-the-counter, or OTC, addresses have fallen from 500,000 BTC in November 2021 to 139,700 BTC, according to monitoring data from Axel Adler Jr. cited by Odaily.
That marks a decline of nearly 72%. Odaily said the balance has been in a downtrend for more than four years, indicating that miners' reserves are being gradually depleted.
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