PANews|Jun 22, 2026 06:44
[Data: Bitcoin Network Activity Reaches Highest Level Since 2024, but Transaction Value Remains Relatively Small]
According to Decrypt, CryptoQuant data shows that despite Bitcoin's price being nearly 50% below its all-time high, network activity continues to rise, recently reaching its highest level since late 2024, just 7% below the historical peak in September 2024. Analysts point out that this marks the first time since mid-2024 that activity has consistently exceeded the trend line, forming a stark contrast to Bitcoin's bearish price movement. However, alongside the growth in activity, the economic value of transactions remains significantly low. Transactions involving less than 0.01 BTC and less than 0.001 BTC have increased from 44% in 2023 to approximately 80%. CryptoQuant considers this a sign of 'protocol-driven activity'—high transaction volume but low individual transaction value.
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