After four months of increased trading volume, $1.21 trillion worth of Bitcoin moved onchain in January 2024. That was the highest onchain volume since September 2022, when Bitcoin prices were around 20,000 USD.
Bitcoin's failure to surpass $1 trillion in volume per month in 2023 (except December) and Bitcoin's record-low active supply show that traders are eagerly awaiting the approval of a spot Bitcoin ETF .
With ETFs finally approved, trading volumes appear to be increasing accordingly. In fact, January marked the fourth consecutive month of increased volume after only $550 billion in volume moved in September 2023.
According to Glassnode analysts, long-term Bitcoin holders seem reluctant to sell coins at this time and instead “seem to be calmly riding the market wave.” Indeed, monthly transactions on the Bitcoin network actually decreased between December 2023 and January 2024.
https://tapchibitcoin.io/bitcoin-ghi-nhan-volume-onchain-thang-1-cao-nhat-ke-tu-thang-9-nam-2022.html
