The proportion of on-chain transaction volume by Bitcoin miners drops to 3.3%, a new low since November 2022

According to Odaily Planet Daily, Sentora stated that the proportion of on-chain transaction volume by Bitcoin miners is at its lowest level in years. Currently, Bitcoin miner transactions account for approximately 3.3% of on-chain transaction volume, the lowest level since November 2022. The decrease in the proportion of miner transactions typically indicates that they are more inclined to hoard Bitcoin rather than trade frequently, choosing to reduce selling in anticipation of price increases. November 2022 was a low point for the cryptocurrency market, and the current low proportion may suggest more wait-and-see sentiment.