The four most famous international exchanges:

Binance INTL	OKX INTL	Gate.io INTL	Huobi INTL
China Line　APP DL	China Line　APP DL	China Line　APP DL	China Line　APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.

Data shows that miners currently hold more than 1.82 million bitcoins, a two-year high and continuing a clear upward trend that began in September 2019. In the last year alone, miners' total holdings have increased by about 2%, excluding other bitcoin miners that Glassnode cannot track.

Three possible reasons for the increase in total bitcoins held by miners:

1. Potential optimism about Bitcoin's recent rebound may continue.

2. Harry Sudock, vice president of strategy at data center and mining infrastructure company GRIID, said that as miners order, receive and deploy new machines, hardware rotation.

3. As new mining pools accumulate a large number of atypical bitcoins, the total number of coins held by miners has increased.

On the one hand, it shows that miners are optimistic about the future market, and on the other hand, it is caused by excessive mining costs. In its latest report issued in August, Grayscale considered the indicator "The ratio between Bitcoin's price
and its production", and found that the profitability of mining is currently low and tends to hold coins for price increases.

According to Glassnode, over the past few months, the pool’s Bitcoin holdings have increased to 9,373 BTC as of Thursday, an increase of almost the same percentage compared to 1 BTC in mid-March.