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Sentora: The on-chain volume share of Bitcoin miners has dropped to about 3.3%, the lowest level since November 2022.
BlockBeats reported that on July 8, Sentora (formerly IntoTheBlock) stated that the proportion of Bitcoin miners in on-chain trading volume is at its lowest level in years. Currently, miner transactions account for about 3.3% of on-chain trading volume, the lowest level since November 2022. A decrease in the proportion of miner transactions usually indicates that they are more inclined to hoard Bitcoin rather than trade frequently, opting to reduce dumping in anticipation of a price rise. November 2022 coincided with the low point of the crypto market (during the FTX collapse), and the current low proportion may suggest a greater wait-and-see sentiment.