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According to BlockBeats, on July 8th, Sentora (formerly IntoTheBlock) announced that the proportion of Bitcoin miners trading on the chain is at its lowest level in years. Currently, Bitcoin miners account for approximately 3.3% of on chain transactions, the lowest level since November 2022. A decrease in the proportion of miner transactions usually means that they are more inclined to hoard Bitcoin rather than frequent transactions, choosing to reduce selling to wait for the price to rise. November 2022 is currently at a low point in the cryptocurrency market (during the FTX crash period), and the current low proportion may suggest more wait-and-see sentiment.