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Bitcoin On-Chain Transactions Hollowing Out, According to Glassnode

2025/06/20 14:27 (Updated 2025/06/21 10:00)
CoinPost
Written by N.Koda
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Bitcoin On-Chain Transactions Hollowing Out, According to Glassnode

The 'Ghost Town' of On-Chain Transactions

On-chain analytics firm Glassnode, in its weekly report published on the 19th, highlighted a noticeable divergence between network activity and the surging Bitcoin (BTC) prices. This cycle is markedly different from previous ones, with investors' trading activities shifting from on-chain to off-chain markets.

In the report titled 'The Ghost Town of On-Chain Transactions,' Glassnode explains that while Bitcoin prices maintain levels above $100,000, the network's transaction activity is 'unusually quiet.' The report aims to uncover the reasons behind this phenomenon...

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MAGAZINE

Iolite Vol.15

September 2025 issueReleased on 2025/07/30
Interview Iolite FACE vol.15 Avery Chin, co-founder and CEO of Aptos Labs PHOTO & INTERVIEW Tester Special feature: "How to master workplace relationships! Using MBTI", "Riding the waves of the 'first year of AI agents'!", "Is Bitcoin the savior of companies? The forefront of treasury strategies", "Management strategies learned from villains" Crypto Journey: "The intersection of Web 3.0 and social contribution" Interview with Gracie Chen, CEO of Bitget Series: "Expert perspectives on interpreting the fluctuating cryptocurrency market" Virtual NISHI Series: Tech and Future Toshinao Sasaki, etc.