On-chain data aggregator CryptoQuant spreads the word about a massive decline in profits faced by Bitcoin miners in June.
According to a recently published X post, “Bitcoin miners just saw their worst payday in a year.”
Data shows that BTC miners’ daily revenue has crashed to $34 million this month, hitting the lowest level since April. This decline was driven by the 50% fee reduction and the recent 15% Bitcoin price drop – the two crucial metrics that Bitcoin miner revenue is strongly correlated with.
Besides, the chart shared by CryptoQuant suggests that currently Bitcoin miners are facing the worst profitability since July 2022.
Bitcoin miners just saw their worst payday in a year.
Daily revenue slipped to $34 million in June, the lowest since April.
Falling fees and Bitcoin’s price drop are crushing margins. pic.twitter.com/TXdN06CU1F
— CryptoQuant.com (@cryptoquant_com) June 26, 2025
Bitcoin tests $108,000, but here’s what whales up to
Meanwhile, the global flagship cryptocurrency, Bitcoin, is striving to break through the $108,000 resistance level. While it is doing that, crypto whales are showing mixed behavior which, according to a recent Glassnode report, “shows no unified cohort behavior.”
Smaller whales, holding 1-10 Bitcoins, keep redistributing their crypto holdings, while bigger wallets, which own 10-100 BTC, are the main accumulators of Bitcoin at the moment, the report says. Overall, the Accumulation Trend Score has rebounded from 0.25 to 0.57.
As $BTC attempts to reclaim $108K, the Accumulation Trend Score shows no unified cohort behavior. 1–10 #BTC wallets continue distributing, while 10–100 $BTC are net accumulators. Others show mixed signals, though the overall score has rebounded from 0.25 to 0.57 pic.twitter.com/qAivkvziK3
— glassnode (@glassnode) June 26, 2025
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