尽管收入下降，比特币矿工仍在狂欢，信号市场的弹性。加密数据揭示了对矿工行为和潜在市场趋势的见解。

Bitcoin Miners HODL Strong: A CryptoQuant Perspective on Market Resilience

比特币矿工Hodl Strong：市场弹性的隐式视角

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.

比特币矿工面临逆风，但他们没有退缩。尽管收入下降了，但来自CryptoFant的数据表明，矿工正在强劲，暗示了潜在的市场弹性。让我们深入了解正在发生的事情。

Miner Revenues Take a Dip, But No Panic Selling

矿工收入下跌，但没有恐慌出售

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!

据CryptoQuant称，矿工收入受到了打击。 6月22日，每日收入下降到3400万美元的两个月低点，这是由于交易费和比特币价格低落的驱动。这是自4月以来的最低数字。哎哟!但这是事情：矿工并不感到惊慌。从矿工钱包到交易所的流出量显着缩水 - 从2月的每天23,000 BTC的峰值到目前约6,000 BTC。这是一个重大的下降！

Hashrate Hiccups and HODLing Habits

哈希拉底式打ic和hodling习惯

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日以来，比特币网络Hashrate也略有下降，下降了3.5％。密码指出，这是自2024年7月以来最大的暴跌。但是，尽管存在这些挑战，但矿工还是选择了霍德。他们没有出售自己的比特币，这表明对资产的长期潜力有着强烈的信念。

Satoshi-Era Miners: The Ultimate HODLers

Satoshi-er时代的矿工：终极霍德尔

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比特币矿工 - Satoshi-era船员 - 也几乎没有移动硬币。这些早期采用者在2025年仅出售了150个BTC，而去年为10,000。这些家伙通常在集会期间出售，因此他们的约束表明比特币仍然有跑步的空间。他们基本上是在说：“不，我们很好。

Mid-Sized Miners Accumulating

中型矿工积累

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，中型的采矿作业（容纳100至1,000 BTC的钱包）正在悄悄地积累。自3月以来，他们增加了4,000辆BTC，自2024年底以来达到了最高的集体余额。这表明在矿业社区的一部分中，人们的信心越来越大。

CryptoQuant's Take: Bullish Signals

加密的看法：看涨信号

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，矿工满足于依靠储备或耐心而不是销售的情况来度过低迷。这种约束有助于稳定市场，并增强对比特币的长期看涨前景。他们认为这是采矿社区中力量和信念的标志。

Altcoin Exchange Inflows Drop: Altseason on the Horizon?

Altcoin Exchange流入下降：Altseason即将到来？

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层，AltCoin Exchange流入也大大减少了。 CryptoQuant分析师Axel Adler Jr.指出，每月Altcoin Exchange流量下降了36％，从25亿美元增加到16亿美元，通常是主要的Altcoin集会。这表明销售压力和潜在的积累降低，暗示了即将到来的“ Altseason”。因此，请密切关注那些山寨币！

The Bottom Line

底线

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!

尽管收入下降和哈希底，比特币矿工仍表现出显着的弹性。他们正在努力比特币，Satoshi-er时代的矿工留下来，中型运营甚至正在积累。加上Altcoin Exchange流入的下降，加密量的数据绘制了一个市场的图片，该市场正在巩固并为未来的潜在增长提供了准备。因此，搭扣，加密爱好者！这将是一个有趣的旅程！

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

免责声明：这不是财务建议。在投资加密货币之前进行自己的研究。