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Cumulative Bitcoin Volume Hits $131 Trillion—But How Much Of It Is ‘Real’ Transfers?

Entity-Adjusted Approach For Bitcoin Volume Reveals Shocking Fact

In its latest weekly report, Glassnode has discussed about how some of the metrics core to the Bitcoin network are like after the cryptocurrency’s price has claimed the $100,000 milestone.

Related Reading: Bitcoin Sentiment Drops Out Of Extreme Greed As Bearish Action Continues

Among these indicators is the “Transfer Volume,” which measures the total amount of the cryptocurrency that’s becoming involved in transactions on the blockchain every day.

Below is the chart for the metric shared by the analytics firm that shows how the cumulative value of this metric has developed over the course of the asset’s history.

Cumulative Bitcoin Volume Hits $131 Trillion—But How Much Of It Is ‘Real’ Transfers?

Entity-Adjusted Approach For Bitcoin Volume Reveals Shocking Fact

In its latest weekly report, Glassnode has discussed about how some of the metrics core to the Bitcoin network are like after the cryptocurrency’s price has claimed the $100,000 milestone.

Related Reading: Bitcoin Sentiment Drops Out Of Extreme Greed As Bearish Action Continues

Among these indicators is the “Transfer Volume,” which measures the total amount of the cryptocurrency that’s becoming involved in transactions on the blockchain every day.

Below is the chart for the metric shared by the analytics firm that shows how the cumulative value of this metric has developed over the course of the asset’s history.
https://bitcoinist.com/bitcoin-volume-131-trillion-real-transfers/