📊 Volatility and onchain activity of $BTC is at 2023 values

Activity in the network of the first cryptocurrency continues to decline, but despite this, demand for bitcoin from large investors continues to grow.

Although the price is approaching an all-time high and institutional investor interest remains, activity in the network of the first cryptocurrency has fallen to its lowest values in the last 20 months.

Total transaction volume in June was down 15% from the previous month, which is in line with October 2023, when the bitcoin price was in the range of $28,000 to $35,000.

At this point, volatility has reached levels seen almost two years ago.

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