The recent trend of Bitcoin miners' transaction volume share shows a downward trend. This value is used to track the proportion 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 are transferring a large amount 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 below the bottom of the 2017 cycle, but it has not yet reached the low point during the bull market of 2021.