On-chain data shows the Bitcoin transfer volume remains significantly lower than that observed at comparable prices during the 2021 bull run peak.
Bitcoin Total Transfer Volume Has So Far Hit A High Of Just $118 Billion
As pointed out by CryptoQuant author Axel Adler Jr in a post on X, the total transfer volume of this bull run hasn’t been able to reach anywhere near the peak of the previous one.
The “total transfer volume” here refers to the total amount of Bitcoin that’s becoming involved in transactions on the network every day. The metric is measured in terms of the US Dollar (USD).
Below is the chart shared by the analyst that shows the trend in this indicator over the last couple of cycles:
From the graph, it’s visible that the Bitcoin total transfer volume has been going up over the last few months. This is normal behavior for rallies, as the network tends to become more active during such periods due to an influx of new users and repositioning from some
We współpracy z: https://bitcoinist.com/bitcoin-volume-6-2x-2021-peak-despite-prices-data/
