Bitcoin -943.87
$42,283.00 -2.23227%
Ethereum -130.91
$3,216.14 -4.0705%
XRP -0.02
$0.76 -2.305%
Litecoin 6.38
$152.87 4.17108%
Bitcoin Cash 6.93
$513.10 1.35138%
Binance Coin -24.90
$473.93 -5.25497%
Chainlink -1.73
$23.82 -7.27548%
EOS -0.09
$2.82 -3.27766%

How Is Bitcoin On-Chain Activity Reflecting The Price?

How Is Bitcoin On-Chain Activity Reflecting The Price?

Bitcoin
January 13, 2022 by Editorial Team
5
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
img_6842.png


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.



Source link

Add a comment