Bitcoin's Transaction Volume Surges The latest data from blockchain analytics firm Glassnode shows a significant increase in Bitcoin's transaction volume. This metric measures the total number of transactions on the Bitcoin network, and it serves as a key indicator of user adoption and network activity. In the past week, Bitcoin's transaction volume has reached levels not seen since February, breaking a four-month downtrend. This is a positive sign for the world's leading cryptocurrency, indicating renewed interest and activity among investors and users. Buying the Dip: Crypto Exchange Flows In addition to the surge in transaction volume, data from on-chain analytics platform CryptoQuant shows that inflows of Bitcoin to major exchanges have decreased significantly. This suggests that investors are not rushing to sell their Bitcoin, despite the recent dip in prices. Instead, they may be holding onto their BTC or even buying more as a long-term investment. This is ...
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