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Glassnode Analysis: Only 9% of Bitcoin Transaction Volume is Real

🔹 Glassnode analysis firm says in its research that of the total $131 trillion in transactions recorded on the Bitcoin (BTC) network, only about 9% ($11.63 trillion) were real transactions between individuals and organizations, and the rest of these transactions are related to internal transfers of digital currency exchanges, for example, when an exchange moves Bitcoins between its various wallets. Of course, these internal transfers do not affect the price of Bitcoin, but they are real for the network and miners receive a fee from them.