加密货币深度研报
Lead report
Bitcoin Miner Holdings Hit Multi-Year Low Ahead of Halving: Deep Dive into Supply-Demand Dynamics and Potential Price Impact
On-chain data shows Bitcoin miner holdings have dropped to their lowest since 2020. This article analyzes three key drivers of miner behavior, examines supply-demand changes around the halving, and explores medium-to-long-term price implications through historical cycle comparisons.