Bitcoin Network Activity Booming Despite Price Remaining Below Record Highs
Bitcoin network activity continued to trend at elevated levels relative to recent history despite the market price remaining below record highs and falling below $60,000. On-chain transaction volume metrics were cited as diverging from the prevailing price weakness.
Bitcoin network activity continued at elevated levels despite price weakness below $60K, extending prior on-chain divergence data.
Story timeline · 6 days
- Jun 25, 20266· this storyBitcoin Network Activity Booming Despite Price Remaining Below Record Highs
Bitcoin network activity continued at elevated levels despite price weakness below $60K, extending prior on-chain divergence data.
- Jun 25, 20267Bitcoin Long-Term Holders Control 79% of Circulating Supply, Hitting New All-Time High
LTH supply share reached a new all-time high of 79%, extending the multi-month low in LTH spending reported on June 24.
- Jun 24, 20265Long-Term Bitcoin Holder Metrics at Multi-Month Lows; OTC Desks Running Dry
Long-term holder spending at 19-month low with 962 BTC recorded; multi-year holder selling also at 19-month low.
- Jun 23, 20266Bitcoin Network Activity Highest Since 2024; Supply Lockup at 16.64M BTC
No material new data; Bitcoin network activity highest since 2024 reiterated with supply lockup metric added.
- Jun 20, 20267Bitcoin Network Activity Hits Highest Level Since 2024; Micro-Transactions Now 80% of Daily Volume
Network activity index confirmed above long-term trend for first time since mid-2024; additional data showing micro-transactions below 0.01 BTC constitute 80% of daily transactions; congestion risk flagged.
- Jun 19, 20265CryptoQuant: Bitcoin Microtransactions Below 0.01 BTC Now 80% of Daily Transactions
Sources · 1
- Bitcoin’s Network Is Booming Even as Prices Remain Below Record Highscryptopotato.com · T2