Bitcoin On-Chain Activity Throttled After LUNA Collapse

Bitcoin on-chain activity has fallen into the red after the infamous LUNA collapse. The collapse had no doubt reduced faith in the cryptocurrency market and has seen investors significantly reduce their activity in the space. This has led to losses across the board for miners as fee revenues, transaction volumes, and transaction values have all plummeted, all of which have seen daily miner revenues fall towards yearly lows.
Bitcoin On-Chain Activity Declines
The previous week had seen on-chain a