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.
Jun 20th 2022
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.