Sentora: Bitcoin Miner On-Chain Transaction Share Drops to Around 3.3%, the Lowest Level Since November 2022
BlockBeats News, July 8th, Sentora (formerly IntoTheBlock) published an article stating that Bitcoin miners' share of on-chain transaction volume is at its lowest level in years. Currently, Bitcoin miner transactions account for about 3.3% of on-chain transaction volume, the lowest level since November 2022.
A decrease in miner transaction share usually means they are more inclined to hodl Bitcoin rather than engage in frequent trading, opting to reduce selling pressure in anticipation of price increase. November 2022 coincided with the crypto market bottom (during the FTX meltdown), and the current low share may imply a more cautious sentiment.
You may also like
Gainers
Latest Crypto News
U.S. Stock Market's Three Major Indexes Open Higher, Crypto-related Stocks Experience a General Decline
Last week, the US Spot Bitcoin ETF saw a net outflow of $8.02 billion, with a trading volume of $250 billion.
Last week, digital asset investment products saw a net outflow of $360 million, with Bitcoin witnessing an outflow of $946 million.
Tharimmune has announced a $540 million private funding round, with lead investment from DRW, to establish the Canton Coin Treasury.
Ethereum Foundation Launches New ESP Grant Program
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com