Sentora: Bitcoin miners’ share of on-chain transaction volume drops to around 3.3%, the lowest level since November 2022
Odaily Planet Daily reported that Sentora stated Bitcoin miners' share of on-chain transaction volume is at its lowest level in years. Currently, miner transactions account for about 3.3% of on-chain Bitcoin transaction volume, the lowest since November 2022. A lower proportion of miner transactions typically indicates a greater tendency to hold onto Bitcoin rather than trade frequently, with miners choosing to reduce selling in anticipation of price increases. November 2022 marked a low point in the crypto market (during the FTX collapse), and the current low proportion may suggest a more cautious market sentiment.
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