Provided are a sensing circuit and a sensing method thereof, a sensor chip, and a display panel. The sensing circuit includes a first transistor including a first gate and a second gate, a first capacitor, a read circuit, and a bias compensation circuit. The first gate receives a sensing signal outputted by a sensor. The first capacitor is connected between the second gate and a first fixed potential signal terminal. The read circuit is connected between the first transistor and an output terminal of the sensing circuit. The bias compensation circuit is electrically connected to the first transistor and configured to input a bias voltage into the second gate of the first transistor. The bias voltage received by the second gate reduce the threshold voltage drift of the first transistor.