Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain
  • Web 3
    • NFT
    • Metaverse
  • Regulation
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

US Banking Authority knew the path for crypto services at National Banks

2025-05-13

Will Deg Price reach $ 1?

2025-05-13

XRP -price recovers profit, but retains its bullish structure

2025-05-13
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
Facebook X (Twitter) Instagram
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Market Cap
  • Blockchain

    Tron and Ethereum fight for the USDT top position

    2025-05-13

    Stargate brings Cronos closer to the future of Omnichain

    2025-05-13

    Abu Dhabi launches a large project with Agile Dynamics for quantum -safe blockchain

    2025-05-13

    Zimbabwe is turning into blockchain to breathe new life into the trust of the carbon credit of carbon credit

    2025-05-13

    Atlaspad and Arichain unite to stimulate user-friendly and scalable web3 acceptance

    2025-05-12
  • Web 3
    • NFT
    • Metaverse
  • Regulation

    US Banking Authority knew the path for crypto services at National Banks

    2025-05-13

    SEC chairman atkins repeats himself to overhaul crypto rules, promises to end ‘Regulation by enforcement’

    2025-05-12

    ‘Bond King’ Jeffrey Gundlach calls a catalyst who can cause an interest rate this year

    2025-05-11

    Concern about Trump’s conflict of interest slows down the progress of a broader crypto policy

    2025-05-10

    The German police interrupt $ 38,260,000 in crypto from Exchanges in the midst of allegations. The exchange has been washed bybit funds

    2025-05-10
  • Analysis

    XRP -price recovers profit, but retains its bullish structure

    2025-05-13

    Hyperliquid affects $ 6 billion in open interest while Bitcoin tests $ 105k near price discovery

    2025-05-13

    Cardano (ADA) Dips: Temporary correction or start of deeper movement?

    2025-05-13

    The market capitalization of PI Network jumps $ 7 billion like token skyrockets 110% in a week in the middle of market bending

    2025-05-13

    Can the resistance crush and re -design the rally?

    2025-05-12
  • Learn

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-09

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Bitcoin Platform – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Bitcoin’s On-Chain Traffic Slows As…
Bitcoin

Bitcoin’s On-Chain Traffic Slows As…

2023-06-15No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


  • The number of daily transactions fell by 35% compared to the previous month.
  • Of the total inflow to the exchanges, whales accounted for only 32% on June 14.

Hostile US regulations continued to test the resilience of the crypto market. The fallout from the back-to-back legal charges against juggernauts, Binance and Coinbase lingered for the second week in a row as on-chain activity on the Bitcoin [BTC] network cannot be retrieved.


Are your BTC holdings flashing green? Check the profit calculator


Blockchain analytics company data Glasnode stressed that the total transfer volume, i.e. the total number of coins transferred on-chain, hovered around USD 2.85 billion per day, similar to the levels observed at the end of 2020.

What is notable is that, unlike the post-FTX period, when volumes increased, the new crisis has significantly removed investors from exchanges. Skepticism surrounding the future of centralized exchanges has revived demand for self-custody, with hodling rather than trading the norm, at least for now.

Source: Glassnode

Transactions see sharp decline

The recent slowdown in Bitcoin’s on-chain activity is in stark contrast to the network outage phase in May, which resulted in a huge backlog of unconfirmed transactions. Due to the combined effect of declining volatility and the FUD around centralized exchanges, the number of transactions has been down since then.

At the time of writing, the number of transactions was 380,180. This represented a 35% drop from the previous month, according to data from Glassnode.

Source: Glassnode

Whales are silent

However, transactions independent of each other do not reflect the true picture. While the number of transactions did indeed increase in May, the transfer volume was relatively lower. This suggested that the increase was driven by low-value trades made by investors holding smaller amounts of BTC.

See also  BTC Bulls Defend Support at $27,000; What are the chances of a rally to $30,000?

Major addresses that hold a large portion of the BTC supply sit still, unfazed by market dynamics. According to CryptoQuant, whales’ share of the total inflow to the exchanges was only 32%.

This proved that high-value transactions were lacking on the network due to the absence of whales.

Source: CryptoQuant


Read Bitcoin [BTC] Price Forecast 2023-24


At the time of writing, BTC was trading in the red with a 24-hour drop of 3.58%. The decline took it below $25,000 per share for the first time since mid-March CoinMarketCap.

Interestingly, the pullback came despite that of the US Federal Reserve decision for the first time in more than a year not to go ahead with a rate hike.



Source link

Bitcoins OnChain Slows Traffic
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Why push the rate of the US-China 90-day Slash Bitcoin price above $ 110,000

2025-05-13

Metaplanet now contains more bitcoin than El Salvador, focuses on 10k BTC by 2025

2025-05-13

Saylor Hints on more Bitcoin buys as BTC Record is approaching high

2025-05-12

Bitcoin remains undervalued, but taking a profit has begun: this metric says why

2025-05-12
Add A Comment
Leave A Reply Cancel Reply

Top Posts

SuperWalk begins exclusive strategic partnership with Tarochi Game

2024-06-03

What Is PnL? PnL Meaning in Crypto, Explained

2024-08-01

Will Polkadot inscriptions bring DOT prices back above $10?

2023-12-22
Editors Picks

Bitcoin NFT marketplace Bioniq has a lofty goal in mind: reducing network congestion

2023-11-29

MapMetrics is scrapping the Solana blockchain for peaq

2024-04-27

Can Bitcoin’s 370,000 New Wallets Prevent the Price of BTC from Falling to $65,000?

2024-04-13

Hedge Fund Veteran Anthony Scaramucci Says Bitcoin Will Skyrocket to $170,000 After the Halving – Here’s Why

2024-01-28

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

US Banking Authority knew the path for crypto services at National Banks

Will Deg Price reach $ 1?

XRP -price recovers profit, but retains its bullish structure

Get Informed

Subscribe to Updates

Get the latest news and Update from Bitcoin Platform about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • Free.cc (Free Crypto)
© 2025 Bitcoinplatform.com - All rights reserved.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,656.691.09%
  • ethereumEthereum(ETH)$2,566.573.27%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.54-2.08%
  • binancecoinBNB(BNB)$655.18-1.45%
  • solanaSolana(SOL)$175.690.57%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.232216-0.23%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.268065-2.46%
  • suiSui(SUI)$4.001.66%
  • chainlinkChainlink(LINK)$16.84-0.07%
  • avalanche-2Avalanche(AVAX)$24.850.40%
  • stellarStellar(XLM)$0.307062-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.25%
  • hedera-hashgraphHedera(HBAR)$0.210096-3.63%
  • hyperliquidHyperliquid(HYPE)$25.222.80%
  • the-open-networkToncoin(TON)$3.31-3.32%
  • piPi(PI)$1.147.88%
  • bitcoin-cashBitcoin Cash(BCH)$403.99-1.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.61%
  • polkadotPolkadot(DOT)$5.03-1.62%
  • litecoinLitecoin(LTC)$101.000.54%
  • moneroMonero(XMR)$336.640.31%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.73-0.02%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.84-1.16%
  • bittensorBittensor(TAO)$457.941.48%
  • nearNEAR Protocol(NEAR)$3.140.06%
  • aptosAptos(APT)$5.82-0.79%
  • aaveAave(AAVE)$226.263.38%
  • okbOKB(OKB)$53.87-2.00%
  • kaspaKaspa(KAS)$0.1228543.13%
  • ondo-financeOndo(ONDO)$1.01-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.940.65%
  • internet-computerInternet Computer(ICP)$5.66-2.58%
  • mantleMantle(MNT)$0.800.37%
  • crypto-com-chainCronos(CRO)$0.1012811.71%
  • render-tokenRender(RENDER)$5.18-0.42%
  • gatechain-tokenGateToken(GT)$21.70-0.29%
  • vechainVeChain(VET)$0.030514-3.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250572-3.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-1.74%
  • ethenaEthena(ENA)$0.393474-1.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • arbitrumArbitrum(ARB)$0.430897-2.17%
  • filecoinFilecoin(FIL)$3.08-1.99%
  • algorandAlgorand(ALGO)$0.237837-3.39%
  • bitcoinBitcoin(BTC)$103,656.691.09%
  • ethereumEthereum(ETH)$2,566.573.27%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.54-2.08%
  • binancecoinBNB(BNB)$655.18-1.45%
  • solanaSolana(SOL)$175.690.57%
  • usd-coinUSDC(USDC)$1.000.01%
  • dogecoinDogecoin(DOGE)$0.232216-0.23%
  • cardanoCardano(ADA)$0.80-2.16%
  • tronTRON(TRX)$0.268065-2.46%
  • suiSui(SUI)$4.001.66%
  • chainlinkChainlink(LINK)$16.84-0.07%
  • avalanche-2Avalanche(AVAX)$24.850.40%
  • stellarStellar(XLM)$0.307062-5.23%
  • shiba-inuShiba Inu(SHIB)$0.000016-2.25%
  • hedera-hashgraphHedera(HBAR)$0.210096-3.63%
  • hyperliquidHyperliquid(HYPE)$25.222.80%
  • the-open-networkToncoin(TON)$3.31-3.32%
  • piPi(PI)$1.147.88%
  • bitcoin-cashBitcoin Cash(BCH)$403.99-1.13%
  • unus-sed-leoUNUS SED LEO(LEO)$8.631.61%
  • polkadotPolkadot(DOT)$5.03-1.62%
  • litecoinLitecoin(LTC)$101.000.54%
  • moneroMonero(XMR)$336.640.31%
  • pepePepe(PEPE)$0.0000142.79%
  • bitget-tokenBitget Token(BGB)$4.73-0.02%
  • daiDai(DAI)$1.000.02%
  • ethena-usdeEthena USDe(USDE)$1.000.05%
  • uniswapUniswap(UNI)$6.84-1.16%
  • bittensorBittensor(TAO)$457.941.48%
  • nearNEAR Protocol(NEAR)$3.140.06%
  • aptosAptos(APT)$5.82-0.79%
  • aaveAave(AAVE)$226.263.38%
  • okbOKB(OKB)$53.87-2.00%
  • kaspaKaspa(KAS)$0.1228543.13%
  • ondo-financeOndo(ONDO)$1.01-1.46%
  • ethereum-classicEthereum Classic(ETC)$19.940.65%
  • internet-computerInternet Computer(ICP)$5.66-2.58%
  • mantleMantle(MNT)$0.800.37%
  • crypto-com-chainCronos(CRO)$0.1012811.71%
  • render-tokenRender(RENDER)$5.18-0.42%
  • gatechain-tokenGateToken(GT)$21.70-0.29%
  • vechainVeChain(VET)$0.030514-3.15%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.250572-3.49%
  • official-trumpOFFICIAL TRUMP(TRUMP)$12.86-1.74%
  • ethenaEthena(ENA)$0.393474-1.16%
  • usd1World Liberty Financial USD(USD1)$1.00-0.23%
  • arbitrumArbitrum(ARB)$0.430897-2.17%
  • filecoinFilecoin(FIL)$3.08-1.99%
  • algorandAlgorand(ALGO)$0.237837-3.39%