According to CryptoQuant, bitcoin miners’ holdings fell to 1,802,116 BTC (approximately $214.6 billion) on May 9, marking a seven-week low. The decline of 1,061 BTC from a week earlier reflects miners selling, lending, or pledging their mined bitcoin. Bitcoin’s hash rate 7-day moving average increased to 957.02 exahashes per second, up 2.77 exahashes from the previous week, indicating rising mining demand.
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