On July 8, Sentora (formerly IntoTheBlock) stated that Bitcoin miners' share of on-chain transaction volume is at its lowest level in many years. Currently, miners' transactions account for approximately 3.3% of on-chain transaction volume, the lowest level since November 2022.
A decrease in miners' transaction share typically means they are more inclined to hoard Bitcoin rather than trade frequently, choosing to reduce selling and wait for price increases. November 2022 was during the crypto market's low point (the FTX collapse period), and the current low share may suggest a more wait-and-see sentiment.






