{"id":444516,"date":"2022-05-10T07:24:15","date_gmt":"2022-05-10T04:24:15","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-network-transactions-and-fees-surge-amid-investor-de-risking\/"},"modified":"2022-05-10T07:24:15","modified_gmt":"2022-05-10T04:24:15","slug":"bitcoin-network-transactions-and-fees-surge-amid-investor-de-risking","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-transactions-and-fees-surge-amid-investor-de-risking\/","title":{"rendered":"# Bitcoin network transactions and fees surge amid investor de-risking"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d734b1fffb\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d734b1fffb\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/bitcoin-network-transactions-and-fees-surge-amid-investor-de-risking\/#%E2%80%9D_Bitcoin_network_transactions_and_fees_surge_amid_investor_de-risking_%E2%80%9C\" >&#8221; Bitcoin network transactions and fees surge amid investor de-risking &#8220;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9D_Bitcoin_network_transactions_and_fees_surge_amid_investor_de-risking_%E2%80%9C\"><\/span>&#8221; Bitcoin network transactions and fees surge amid investor de-risking &#8220;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div class=\"post-content\" data-v-2a0745c6>The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are \u2018urgent\u2019 transactions due to investors de-risking.<\/p>\n<p>A sudden influx of 42,800 transactions hit the mempool on Bitcoin (BTC) last week. Glassnode\u2019s chief analyst says these were likely &#8220;urgent&#8221; transactions due to the high amount of fees paid per transaction. The average fee rose to $2.72 last week, about 15% higher than the typical average according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/bitinfocharts.com\/comparison\/bitcoin-transactionfees.html#3m\">bitinfocharts<\/a>, an on-chain data tracker. The findings were reported in the Glassnode \u201cWeek On-chain\u201d <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/insights.glassnode.com\/the-week-onchain-week-19-2022\/\">report<\/a> on May 9.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">The <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> market saw and extremely volatile week, with prices trading down to $33.8k, and an additional 10% of the network falling into loss.<\/p>\n<p>We analyse the market reaction across the mempool, exchanges, derivatives and stablecoin supply contractions.<a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/t.co\/WDuzlObVxK\">https:\/\/t.co\/WDuzlObVxK<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/twitter.com\/glassnode\/status\/1523679184568012800?ref_src=twsrc%5Etfw\">May 9, 2022<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\nThe mempool on a blockchain network is where transactions are sent before being confirmed in a block. The higher the fee paid on a transaction, the higher the likelihood it will be picked ahead of others.<\/p>\n<p>Glassnode wrote that investors paid higher-than-average fees likely in order to prioritize their bids to de-risk their portfolio or add collateral to their margin positions as BTC price has fallen 19% over the past seven days. Just over 15% of fees paid for on-chain transactions correlated with exchange deposit rates, and these were only higher in May 2021 during another period of heavy sell-offs.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/fea3f2ec-caa5-4864-bc2d-4bdd23de0d4e.png\"><\/figure>\n<p>BTC inflows to exchanges outpaced inflows for most of 2022, however that changed last week as there was more than $50 million more worth of inflows than outflows. Glassnode said the total amount of exchange-related volume was only surpassed last October and November and matched the peak of the 2017 bull market in late December, and early January of 2018.<\/p>\n<p>Glassnode also noted that BTC accumulation has been on a low trend since the middle of April. \u201cShrimps\u201d who hold less than an entire Bitcoin were the largest accumulators of any cohort of wallets up to whales through the past week, but even their accumulative strength was weak compared to previous months this year.<\/p>\n<p><strong><em>Related: <\/em><\/strong><strong><em>Bitcoin retests key $30K support zone as data highlights BTC whale accumulation<\/em><\/strong><\/p>\n<p>The largest distributors, or sellers, were those in the highest cohort who hold at least 10,000 coins. According to Glassnode, distribution has been higher than accumulation through most of 2022, however, the largest accumulators have been those holding less than one BTC up to those holding 10.<\/p>\n<figure><img decoding=\"async\" src=\"https:\/\/s3.cointelegraph.com\/uploads\/2022-05\/076e01f5-a9f2-4ef8-8d10-228a60fe78ca.png\"><\/figure>\n<p>With total fees spent at a local high as investors urgently try to exit more volatile positions, it <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ears that Bitcoin markets may continue down their \u201crocky road\u201d to capitulation, as Cointelegraph reported on May 10.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/bitcoin-network-transactions-and-fees-surge-amid-investor-de-risking\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8221; Bitcoin network transactions and fees surge amid investor de-risking &#8220; The number of transactions on the Bitcoin network has spiked over the past week, which blockchain analysis firm Glassnode suggests are \u2018urgent\u2019 transactions due to investors de-risking. A sudden influx of 42,800 transactions hit the mempool on Bitcoin (BTC) last week. Glassnode\u2019s chief analyst&#8230;<\/p>\n","protected":false},"author":1,"featured_media":444517,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.cointelegraph.com\/images\/1200_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjItMDUvY2IyMDQ5NWYtZGY0OS00MTZkLWIwZjYtZWQ5ZTA3OWQwYzJjLmpwZw==.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,81951,74939],"class_list":["post-444516","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-bitcoin-analysis","tag-market-analysis"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444516","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=444516"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/444516\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/444517"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=444516"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=444516"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=444516"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}