Nansen’s Bitcoin Analytics Reveal 42% Transactions Increase

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The Blockchain Analytics Nansen platform has announced the launch of its analysis on Bitcoin chain (BTC) to bring detailed and detailed insights on the top cryptocurrency, allowing users to keep track of key metrics on the chain in the platform.

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Nansen carries real -time real time analysis for bitcoin

Thursday, Nansen introduced his Bitcoin growth dashboard to provide a detailed vision of the rush cryptocurrency market movements and face the lack of intuitive tracking tools for in -depth analysis on the market.

The analysis platform observed that the examination of the Bitcoin network at the same level as other blockchains was difficult since most of the tools use “obsolete addresses labeling, fragmented data or require advanced technical skills to extract significant information”.

As a result, the new Bitcoin On-Chain analysis aims to bring “the same depth of data on which Nansen users have entrusted Ethereum and other blockchains to Bitcoin” allowing traders, institutions and analysts to monitor active addresses, the Transactions and active transactions, active transactions, transactions and main entities that interact on the network.

Alex Svanevik, CEO of Nansen, shared his excitement for Bitcoin analysis, explaining that users can use the platform to monitor detailed metrics on the BTC chain:

Bitcoin is the most important resource in Crypto and we are excited to finally bring the leading analysis of the Nansen sector to BTC. With our platform, users can now trace the key metrics of Bitcoin with the same level of detail and precision they expect from Nansen.

The new data aggregation will allow users to see the exchanges and entities that move the largest number of BTC to face the “conjectures” on the fact that the transaction peaks are in detail, institutional guided or exchange of reshuffles.

Users can also observe the liquidity of BTC and the change of supply in real time to identify crucial trends before hitting the largest market. In addition, they can monitor the feeling of the cryptocurrency market with data on the activities of the address, offering users “a new way to evaluate the adoption and feeling of bitcoin investors”.

BTC transactions see 42% daily increase

The new analysis on Nansen’s Bitcoin chain revealed the domain of the exchange and the changes in the activity of the network. According to the analysis platform, the largest bitcoin-active entities include some of the greatest exchanges of cryptocurrencies in the world.

The data show that Binance, Bybit, Okx, Robinhood and Kucoin are among the first 5 BTC-active exchanges. Binance dominates the list with 40.68% of the traced BTC transaction activity, followed by 23.36% of Bibi and 18.88% of Okx.

Meanwhile, Robinhood continues to emerge as a Bitcoin key custodian with its share of 8.72%, underlined Nansen. He also observed that the tendency of the network shows significant transaction peaks between April and June 2024, probably fueled by institutional moves, important market events and changes in behavior of the mines.

In the last 24 hours, the number of active Bitcoin addresses has decreased by 16.82% to about 462,390, suggesting that the activity of the network is slowed down. The number of active addresses was suspended between 335,000 and 668,000 from September, exceeding 600,000 brands several times by the US elections in November.

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However, BTC transactions recorded an increase of 42.33% during the past day, increasing to about 453,600, which reports a demand for space in bulk.

Finally, the chain analysis platform has also revealed that it will introduce the mode of God token and Nansen Profiler for BTC in the coming weeks to offer “deeper insights on portfolio behaviors, transactions and market trends”.

Bitcoin, BTC, BTCUSDT
Bitcoin performance in the one -week graphic designer. Source: btcusdt on tradingView

In the foreground image from Usplash.com, graphic designer from tradingview.com

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