The Bitcoin blockchain is waking to life

We see a massive increase in Bitcoin’s on-chain activity as large holders liquidate parts of their bitcoin holdings.

Daily miner revenues continue plummeting due to the falling bitcoin price. They are now sitting at $18 million, down 32% from the $27 million seven days ago.

Although miner revenues are falling, the transaction fees increase by 17% and are now $440k. The fees’ share of the miner revenue is 2.4%, the highest since July 2021.

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