Miners Offload Bitcoin in Anticipation of Reward Halving, Says Cryptoquant
Currently, at a block height of 837,984, there are precisely 2,016 blocks remaining until the forthcoming Bitcoin block halving event, which will reduce the reward from 6.25 BTC to 3.125 BTC. Cryptoquant, in a report shared on the social media platform X last Friday, shed light on how bitcoin (BTC) miners will need to “innovate [and] improve” post-halving. In examining revenue against hashprice, Cryptoquant’s analysts observed that despite daily revenues reaching new peaks, the miner hashprice has plummeted by 30% compared to levels before the last halving, indicating a decline in earnings per unit of computational work.
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