【The share of Bitcoin miners' transaction volume has fallen below 5%, lower than the 2017 cycle bottom】 According to Golden Finance, the recent trend of Bitcoin miners' transaction volume share is showing a downward trend. This value is used to track the percentage of miner-related transactions in the total Bitcoin transaction volume. Data shows that in the first quarter of 2024, the transaction volume share of Bitcoin miners once exceeded 20%, indicating that miners were transferring large amounts of funds on the blockchain. However, since this peak, the indicator has been declining and has now fallen below the 5% mark, which means it is already lower than the 2017 cycle bottom, but it has not yet reached the low point during the 2021 bull market.