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

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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