GuideAPI Doc

Miner Balance & Distribution

Track miner-held reserves and distribution activity across the network.

Overview
Miner balance metrics monitor the total Bitcoin supply owned by miners and the flow of coins leaving mining wallets. The “One Hop” variants follow coins that have moved one transaction away from miner addresses — often early signals of sell pressure or reserve movement.

Formula

M i n e r S u p p l y = ∑ B a l a n c e s M i n e r A d d r e s s e s MinerSupply = \sum Balances_{MinerAddresses}
S u p p l y O n e H o p = ∑ O u t p u t s F r o m M i n e r A d d r e s s e s SupplyOneHop = \sum Outputs_{FromMinerAddresses}

Interpretation

  • Miner Supply ↑: accumulation phase.

  • Supply One Hop ↑: potential distribution or profit-taking.

Available Metrics