Bitcoin miners' holdings reach 1.1941 million BTC, up 1,797 BTC week-on-week
Original headline비트코인 채굴자 보유량 119만4100개…주간 1797개 증가
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Bitcoin miner wallets held approximately 1,194,100 BTC as of October 31, according to CryptoQuant data cited by Digital Asset, with the weekly balance increase of 1,797 BTC marking the largest in about six weeks. The metric tracks the aggregate BTC balance remaining in miner-related wallets, not the amount newly mined, so the rise reflects retained holdings rather than fresh issuance. The article cautions that the increase cannot be read as miners buying Bitcoin on the market, as the balance indicator shows what remains in wallets rather than inflows from purchases. Rising miner balances can signal reduced selling pressure from miners, a factor traders watch for supply-side signals. Market watchers will be monitoring whether miner balances continue to build or reverse as miners cover operational costs.
Muhabbit's AI wrote this summary in its own words from TokenPost's report and translated it from Korean. It can get details wrong, so check the source.
Named in this story
Bitcoin (BTC), CryptoQuant, Digital Asset
A linked name opens that asset's sentiment page.