A decline of nearly 72%: BTC balance in miner-related OTC addresses drops from 500,000 to 139,700 over four years

According to monitoring by Axel Adler Jr., the Bitcoin balance held in miner-related OTC addresses has dropped from 500,000 to 139,700 since November 2021, a decline of nearly 72%. This sustained decrease over more than four years indicates that miner reserves are gradually being depleted.