CoinMeta data: After reaching a peak in 2026, BTC mining stocks have declined. Although mining continues, the competition is no longer as fierce. Over the past year, both computing power and mining difficulty have decreased, and miners have also reduced their reserves. Currently, the profitability of BTC mining is higher than the costs, and miners have emerged from difficulties in the past two months, producing 450 BTC per day. Although miners are not strategic traders, their holdings have gradually decreased over the past year, with BTC mining reserves approaching historical lows. The Binance pool currently holds 41,897 BTC, while Antpool has increased its holdings. The holding amount of the Foundry USA pool is almost zero, as most of the BTC reserves were sold within the past year.