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Sentora: Bitcoin Miner On-Chain Transaction Volume Ratio Drops to About 3.3%, Lowest Level Since November 2022

Summary: Sentora reported that the proportion of Bitcoin miner on-chain transaction volume has reached 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. A decrease in miner transaction ratio typically indicates a preference for hoarding Bitcoin rather than frequent trading, choosing to ...

Sentora reported that the proportion of Bitcoin miner on-chain transaction volume has reached 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. A decrease in miner transaction ratio typically indicates a preference for hoarding Bitcoin rather than frequent trading, choosing to reduce selling to wait for price increases. The low ratio during November 2022, a period of market downturn (FTX collapse), may imply more cautious sentiment.

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Link: Sentora: Bitcoin Miner On-Chain Transaction Volume Ratio Drops to About 3.3%, Lowest Level Since November 2022 [Copy]

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