Bitcoin Miners’ On-Chain Transaction Volume Hits Lowest Level Since November 2022, Indicating Increased Hoarding Behavior
2025-07-08 07:57:36
Main Idea
Bitcoin miners' on-chain transaction volume has dropped to its lowest level since November 2022, indicating increased hoarding behavior amid market uncertainties.
Key Points
1. On July 8, Sentora reported that Bitcoin miners' on-chain transaction volume accounted for just 3.3% of total on-chain activity, the lowest since November 2022.
2. The decline suggests miners are holding onto Bitcoin, possibly anticipating future price appreciation.
3. November 2022 was marked by significant market downturns, including the FTX collapse and ongoing uncertainties.
Description
On July 8, Sentora, previously known as IntoTheBlock, reported that the proportion of Bitcoin miners’ on-chain transaction volume has dropped to its lowest point in several years. Presently, miners’ transactions
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