A flat month for miners after a volatile April
Summary
In April, Bitcoin miners experienced unprecedented highs and volatility due to the anticipated halving and launch of Runes, causing transaction fees and miner revenues to skyrocket to 1,257 BTC. This significantly boosted miner profits. Despite ongoing market volatility, stability returned in May. The amount of BTC held in miner wallets spiked on April 20, reaching 1.807 million BTC before rapidly decreasing as miners decided to offload their newly gained profit.
