​#Markets The Bitcoin network is currently settling $5.3B/da | ApeCage

​#Markets

The Bitcoin network is currently settling $5.3B/day compared to the $15.5B in daily volume settled at the 2021 peak. This demonstrates relatively low demand for value settlement remains in place.

The second chart below shows that approximately 6.2M BTC, equivalent to 33% of the circulating supply is currently holding an unrealized loss.

Also we can see that the exchange net position change has reverted back to a net outflow after a significant period of net inflows. Exchanges are currently seeing a rate of net outflows of around 36.3k BTC per month.


In the last chart we turn to the Realised Cap HODL waves. Structural, multi-month declines in younger coin bands (red-orange).This occurs when young coins mature and age to become older coins. Swelling of older coin bands (yellow, 3m-12m) as the volume of coins held at these stronger hand, LTH classified age brackets grows.