There’s been plenty of comaparisons of Bitcoin’s price action now and in April when the cryptocurrency reached its previous all-time high.
Research firm IntoTheBlock now points out a staggering difference in Bitcoin’s transactional volume between the two periods.
According to the research firm, Bitcoin’s on-chain volume reached over $700 billion transacted, which presents an increase upwards of 7x compared to April.
In addition, the company notes that most of the volume came from transactions that were worth over $100,000.
Going forward, there’s seemingly less speculation in the market.
By tracking addresses that hold BTC
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