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Sentora: Bitcoin miners’ share of on-chain transactions has dropped to about 3.3%, the lowest level since November 2022
Odaily News Sentora published a statement saying that the share of Bitcoin miners in on-chain transactions is at its lowest level in many years. Currently, Bitcoin miner transactions account for about 3.3% of on-chain transactions, the lowest level since November 2022. A lower share of miner transactions usually means that they are more inclined to hoard Bitcoin rather than trade frequently, choosing to sell less to wait for prices to rise. November 2022 was the trough of the crypto market (the FTX crash period), and the current low share may indicate more wait-and-see sentiment.
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