$61,894.72
+3.05%
$3,406.18
+2.93%
$71.53
+3.18%
$24.15
+4.95%
$164.36
+4.59%
$0.00
+0.03%
$23.57
+2.84%
$0.13
+7.25%
$20.24
+3.32%
$0.00
+2.23%

How Is Bitcoin On-Chain Activity Reflecting The Price?


The below is from a recent edition of the Deep Dive, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now.

In today’s Daily Dive, we’re covering the latest state of on-chain activity across transactions, volume, active addresses and entities. Typically higher activity comes with a rising price and vice versa.

When it comes to analyzing overall transfer volume of the network denominated in BTC, change-adjusted volume is one that we’ll focus on. That’s different from both total transfer volume and entity-adjusted volume estimates, which don’t account for transaction change and filter out volume sent within the same entity. Currently, the network is settling around 593,000 bitcoin per day.



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