Bitcoin on-chain summary: On-chain activity surging

Over the past few days, many happenings in the market have led to a surge in on-chain activity.

The daily transaction volume surged by 76%, primarily caused by an increase in the average transaction value of 72%.

Larger transaction sizes are typical in such high spot volume periods, as traders move their coins to or between exchanges, further confirmed by the number of exchange withdrawals reaching a 5-month high.

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