ChainCatcher news, according to CoinDesk, based on Glassnode data, the average dollar value of on-chain Bitcoin transfers is still far below the peak in 2021. Analysts at Blockware Solutions stated that this is a sign that investors are holding onto their tokens in anticipation of price increases. "No one wants to sell Bitcoin."It is reported that recent spot trading volume has been concentrated in ETFs, which also explains the low on-chain trading volume. Nevertheless, other indicators also suggest that investors who survived the 2022 bear market are continuing to hold their token reserves, expecting Bitcoin prices to keep rising.

ChainCatcher news reports that, according to the 7-day moving average, the daily on-chain transaction volume of Bitcoin reached a historic high yesterday. According to data from The Block, the on-chain daily transaction volume reached 408,000 transactions, setting a new record. Additionally, data from Glassnode shows that the 7-day Bitcoin on-chain daily transaction volume is 426,337.14 transactions.The increase in transaction numbers is attributed to Ordinals, with over 2.4 million Ordinals currently on the Bitcoin network, and the total transaction fees exceeding 213 Bitcoins. (source link)