In January 2024, Bitcoin witnessed a significant surge in on-chain transaction volume, hitting $1.21 trillion, the highest since September 2022. The increase follows a trend from 2023, with analysts attributing it to anticipation for spot Bitcoin ETF approval. Despite this, Glassnode data shows long-term holders remaining committed.
Bitcoin’s On-Chain Surge Sees $1.21 Trillion Transferred, Highest Volume Since September 2022
