A report from Glassnode has revealed that the Bitcoin transfer volume has been losing momentum recently, a sign that may not be positive for BTC.

Data from the on-chain analytics firm Glassnode has revealed how the Bitcoin transaction volume compares with traditional payment processors.

Data shows that Bitcoin trading volume has plummeted to extreme lows recently, a sign that investor interest in trading the asset is low.

On-chain data shows the Bitcoin transfer volume remains significantly lower than that observed at comparable prices during the 2021 bull run peak.<

In an extraordinary run, Bitcoin has managed to go as high as $64,000, but is this rally justified? Here’s what on-chain data suggests.

Nassim Nicholas Taleb – the author of “Back Swan” and one of the world’s biggest crypto skeptics – commented on social

Nassim Nicholas Taleb – the author of “Back Swan” and one of the world’s biggest crypto skeptics – commented on social

Here’s, in numbers, how much transaction volume the Bitcoin network has handled in total during its entire history so far.

Trading volume is down, but all signs point to a break-out around the corner.