The level of Bitcoin on-chain activity has declined since June, sliding just as market prices sank from their yearly peak. Transactions also saw a spike in October when BTC touched $10,000 again briefly. On-Chain Bitcoin Transactions Correlate with Exchange Price Action On-chain transactions for BTC often coincide with heightened trading interest. This led to slowing on-chain activity, as retail holders or “whales” did not transfer funds to exchanges. 2/ Total #BTC transactions decreased since June.
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