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Bitcoin's Paradox: Surge in Transfer Volume Amid Price Drop
In a surprising twist, January 2024 saw the transfer volume of Bitcoin (BTC) surge despite an average price drop of 3%. As per Glassnode's report, the amount of Bitcoin traded within the last 24 hours has risen by a staggering 6,186,509,961.76, marking an 18.78% increase. This upswing in activity is further underscored by the trading of 32,948,222,234.75 worth of BTC in the last day. The Paradox of Price and Transfer Volume The recent developments in the Bitcoin market have left analysts intrigued. Conventional wisdom dictates that a drop in price would lead to decreased trading activity. However, the data from ... (full story)