Bitcoin transaction value hits yearly high with $25B moved

Bitcoin holders moved over 367,000 BTC on May 18, worth over $25 billion, recording a yearly high in the value of Bitcoin transactions.

On May 28, Bitcoin transactions reached an estimated value of over $25 billion, the highest in U.S. dollars over the past year.

Bitcoin’s on-chain transaction value refers to the total estimated value of transactions on the blockchain. This metric helps traders understand Bitcoin (BTC) trends and decide on trade positions.

According to Bitcoin explorer Blockchain.com, holders moved about 367,000 BTC on the blockchain on May 28. This marks the largest number of BTC moved since June 13, 2022, when over 519,000 BTC were moved.

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