Almost $9 Billion of Bitcoin Moved On-Chain in 1 Hour: Record

in Dec. 4, $8.9 billion in Bitcoin (BTC) were moved on the blockchain in a single hour, excluding change volume, which is Bitcoin that returns to the sender.

Bitcoin’s high transaction volume was pointed out by Rafael Schultze-Kraft, the co-founder of on-chain market intelligence firm Glassnode. In a tweet on Dec. 4, he claimed that such a high hourly transaction value was a first for the network: