$BTC Transaction Activity Hits 18-Month Low Despite Price Strength


$BTC network activity shows declining transaction counts while average transaction size has hit $36,200.


Transactions exceeding $100,000 now dominate 89% of the total network volume compared to 66% in 2022.


Smaller transactions under $100,000 dropped from 34% to just 11% of total transfer volume.


Fee pressure remains historically low at $558,000 daily, despite $BTC trading near its $111,700 all-time high.


Off-chain trading volumes now exceed on-chain settlement by 7-16x across spot and #derivatives markets.


Combined futures and options open interest reached $96.2 billion, showing massive #leverage buildup.


This represents a fundamental shift from previous cycles where high prices meant network congestion.

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June 19, 2025 at 11:34 PM
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