- Bitcoin miner revenues hit $34 million in June low.
- Miner selling activities remain historically low.
- Miners added 4,000 BTC since April 2025.
Bitcoin miner revenue decline is critical, affecting operational cash flows, yet miner selling remains minimal, suggesting confidence in Bitcoin’s long-term value.
Bitcoin Miners’ Daily Revenues
Bitcoin miners’ daily revenues have fallen to $34 million on June 22, 2025. This decline is attributed to a reduction in transaction fees and a modest price decline in BTC itself.
CryptoQuant, a blockchain data analytics firm, indicates miner selling activity remains historically minimal. Miners have accumulated approximately 4,000 BTC since April 2025, preferring accumulation over liquidation.
“Bitcoin miners are the most underpaid they have been in the last year as daily revenues decline to two-month lows. Yet, they are still not selling, with Bitcoin outflows from miner wallets falling dramatically in 2025 compared to previous peaks.” — Ki Young Ju, Founder & CEO, CryptoQuant
Despite revenue drop, Bitcoin is the only materially affected asset.
The modest price decline impacts miner operational cash flows, while miners continue to accumulate BTC.
Reduced miner selling activity during this period could boost market confidence. The behavior of accumulating rather than selling differs from previous halving events. Compliance or further reports from authorities like the SEC remain absent from primary sources.
The pattern observed in miner activities indicates potential stability in BTC’s supply-demand equilibrium. Historical trends hint at miner resilience by favoring long-term accumulation over immediate liquidation under financial pressures.
