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Bitcoin Miner HODL Power Declines for Fourth Consecutive Year, Off-Exchange Balance Drops to 139.7K BTC
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BlockBeats News, July 21st, CryptoQuant analyst Axel Adler Jr. released data showing that since November 2021, the Bitcoin balance held in miners' non-exchange addresses has dropped from 500,000 BTC to 139,700 BTC, representing a cumulative decrease of nearly 72%. This trend has persisted for over four years, indicating an ongoing contraction of this group's Bitcoin reserves.

Source: BlockBeats

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