儘管收入下降，比特幣礦工仍在狂歡，信號市場的彈性。加密數據揭示了對礦工行為和潛在市場趨勢的見解。

Bitcoin Miners HODL Strong: A CryptoQuant Perspective on Market Resilience

比特幣礦工Hodl Strong：市場彈性的隱式視角

Bitcoin miners are facing headwinds, but they're not backing down. Despite recent revenue dips, data from CryptoQuant suggests miners are HODLing strong, hinting at underlying market resilience. Let's dive into what's happening.

比特幣礦工面臨逆風，但他們沒有退縮。儘管收入下降了，但來自CryptoFant的數據表明，礦工正在強勁，暗示了潛在的市場彈性。讓我們深入了解正在發生的事情。

Miner Revenues Take a Dip, But No Panic Selling

礦工收入下跌，但沒有恐慌出售

According to CryptoQuant, miner revenues have taken a hit. On June 22nd, daily revenues fell to a two-month low of $34 million, driven by lower transaction fees and a price slump in Bitcoin. It's the lowest figure since April. Ouch! But here's the thing: miners aren't panicking. Outflows from miner wallets to exchanges have shrunk dramatically – from a peak of 23,000 BTC per day in February to around 6,000 BTC currently. That's a significant drop!

據CryptoQuant稱，礦工收入受到了打擊。 6月22日，每日收入下降到3400萬美元的兩個月低點，這是由於交易費和比特幣價格低落的驅動。這是自4月以來的最低數字。哎喲!但這是事情：礦工並不感到驚慌。從礦工錢包到交易所的流出量顯著縮水 - 從2月的每天23,000 BTC的峰值到目前約6,000 BTC。這是一個重大的下降！

Hashrate Hiccups and HODLing Habits

哈希拉底式打ic和hodling習慣

The Bitcoin network hashrate has also seen a slight decline, plummeting 3.5% since June 16th. CryptoQuant notes this is the largest plunge since July 2024. However, despite these challenges, miners are choosing to HODL. They're not selling off their Bitcoin en masse, which indicates a strong belief in the long-term potential of the asset.

自6月16日以來，比特幣網絡Hashrate也略有下降，下降了3.5％。密碼指出，這是自2024年7月以來最大的暴跌。但是，儘管存在這些挑戰，但礦工還是選擇了霍德。他們沒有出售自己的比特幣，這表明對資產的長期潛力有著強烈的信念。

Satoshi-Era Miners: The Ultimate HODLers

Satoshi-er時代的礦工：終極霍德爾

Even the OG Bitcoin miners – the Satoshi-era crew – are barely moving their coins. Only 150 BTC have been sold by these early adopters in 2025, compared to 10,000 last year. These guys usually sell during rallies, so their restraint suggests Bitcoin still has room to run. They're basically saying, "Nah, we're good. We're HODLing!"

即使是OG比特幣礦工 - Satoshi-era船員 - 也幾乎沒有移動硬幣。這些早期採用者在2025年僅出售了150個BTC，而去年為10,000。這些傢伙通常在集會期間出售，因此他們的約束表明比特幣仍然有跑步的空間。他們基本上是在說：“不，我們很好。

Mid-Sized Miners Accumulating

中型礦工積累

Interestingly, mid-sized mining operations (wallets holding between 100 and 1,000 BTC) are quietly accumulating. They've added 4,000 BTC since March, reaching their highest collective balance since late 2024. This shows a growing confidence among a significant segment of the mining community.

有趣的是，中型的採礦作業（容納100至1,000 BTC的錢包）正在悄悄地積累。自3月以來，他們增加了4,000輛BTC，自2024年底以來達到了最高的集體餘額。這表明在礦業社區的一部分中，人們的信心越來越大。

CryptoQuant's Take: Bullish Signals

加密的看法：看漲信號

CryptoQuant's analysis suggests miners are content to weather the downturn, relying on reserves or patience rather than selling. This restraint is helping to stabilize the market and reinforces a long-term bullish outlook for Bitcoin. They see it as a sign of strength and conviction within the mining community.

CryptoQuant的分析表明，礦工滿足於依靠儲備或耐心而不是銷售的情況來度過低迷。這種約束有助於穩定市場，並增強對比特幣的長期看漲前景。他們認為這是採礦社區中力量和信念的標誌。

Altcoin Exchange Inflows Drop: Altseason on the Horizon?

Altcoin Exchange流入下降：Altseason即將到來？

Adding another layer to the story, altcoin exchange inflows have also dropped significantly. CryptoQuant analyst Axel Adler Jr. points out that a 36% decline in monthly altcoin exchange flow, from $2.5 billion to $1.6 billion, often precedes major altcoin rallies. This suggests reduced selling pressure and potential accumulation, hinting at a possible upcoming "altseason." So, keep an eye on those altcoins!

在故事中增加了另一層，AltCoin Exchange流入也大大減少了。 CryptoQuant分析師Axel Adler Jr.指出，每月Altcoin Exchange流量下降了36％，從25億美元增加到16億美元，通常是主要的Altcoin集會。這表明銷售壓力和潛在的積累降低，暗示了即將到來的“ Altseason”。因此，請密切關注那些山寨幣！

The Bottom Line

底線

Despite revenue dips and hashrate fluctuations, Bitcoin miners are demonstrating remarkable resilience. They're HODLing their Bitcoin, Satoshi-era miners are staying put, and mid-sized operations are even accumulating. Combined with the drop in altcoin exchange inflows, the data from CryptoQuant paints a picture of a market that's consolidating and gearing up for potential future growth. So, buckle up, crypto enthusiasts! It's gonna be an interesting ride!

儘管收入下降和哈希底，比特幣礦工仍表現出顯著的彈性。他們正在努力比特幣，Satoshi-er時代的礦工留下來，中型運營甚至正在積累。加上Altcoin Exchange流入的下降，加密量的數據繪製了一個市場的圖片，該市場正在鞏固並為未來的潛在增長提供了準備。因此，搭扣，加密愛好者！這將是一個有趣的旅程！

Disclaimer: This is not financial advice. Do your own research before investing in cryptocurrency.

免責聲明：這不是財務建議。在投資加密貨幣之前進行自己的研究。