Bitcoin on-chain transfer volume exceeds 4M as price rises to 14 month high

Bitcoin on-chain transfer volume exceeds 4M as price rises to 14 month high

22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000. As Bitcoin's (BTC) price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high.Source: Glassnode.Unlike exchange volume, on-chain metrics cannot be easily faked or manipulated. To put this in perspective, the total current supply of Bitcoin is 18.5 million. This means that in 24 hours, users transacted 22% of Bitcoin's total current supply. Source: Glassnode.If we examine the 30-day average for this metric, we discover that September....


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