1/2 ๐งต: Daily Bitcoin Transfer Volume (BTC)
On March 18, 2023, a record low BTC transfer volume was registered in the network. On this day, 785,418.49 BTC were transferred at an average price of 27,405.11 USD per 1 BTC. #Bitcoin#analysis
2/2 ๐งต: Comparison with March 23, 2023
On March 23, 2023, the BTC transfer volume increased to 1,052,635.80 BTC at an average price of 27,350.73 USD per 1 BTC. The total transfer volume amounted to 28,790,354,237.03 USD. #Bitcoin#trends
The blue vertical lines indicate days when the BTC transaction volume on the network was less than 800K. #Crypto#Blockchain#Analytics I hope those days are over. ๐ค
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๐งต 1/4 UTXO Age-Based Investor Engagement refers to how actively different investor groups interact with the market, including fund movements within the network, sending to or withdrawing from exchanges. Data is displayed from Jan 1, 2023 to today.
๐งต 3/4 Short-term investors (76%) are the most active in the market, indicating that a significant portion of trading is speculative, aiming for quick profits. This activity can increase market volatility and create short-term price fluctuations.