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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.14

Iolite Vol.14

July 2025 issueReleased on 2025/05/30

Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.

MAGAZINE

Iolite Vol.14

July 2025 issueReleased on 2025/05/30
Interview Iolite FACE vol.14 Charles Hoskinson, founder and CEO of Cardano/Input Output Global PHOTO & INTERVIEW Mariko Mabuchi Special feature: "Considerations on cryptocurrency-related policies in Japan and the US", "Blockchain guide from Japan", "Huge position liquidation occurs at Hyperliquid! A new, unanticipated crisis in decentralized finance", "Sakana AI, a generative AI startup from Japan that is attracting a lot of attention", "Prepare for a recession: correlation between finance and anomalies" Crypto Journey: "Web 3.0 from the perspective of the 'King of Debate'" Interview with Hiroyuki Special series: Virtual Nishi: "Cryptocurrency market trends and key points for interpreting them" Series: Tech and Future Toshinao Sasaki, etc.