PANews reported on January 8 that according to IntoTheBlock analysis, the proportion of Bitcoin miners' transaction volume to total transaction volume is approaching a historical low and has hit a new cycle low in the past few weeks. This trend usually accelerates during a bull market as more external funds flow into the market.

As block rewards decrease over time and market investment increases, miners' share of total transaction volume continues to decline.

Analysis: Bitcoin miners’ share of transaction volume near historic lows