On May 28, Bitcoin transactions reached an estimated value of over $25 billion, marking the highest figure in United States dollar terms over the past year. Bitcoin’s on-chain transaction value measures the total estimated value of transactions on the blockchain, providing traders with insights into Bitcoin trends to inform their trading decisions. Blockchain explorer Blockchain.com reported that holders moved approximately 367,000 BTC on the blockchain on May 28. This is the largest amount of BTC moved since June 13, 2022, when over 519,000 BTC were transferred. At the time, Bitcoin’s price was around $26,500, resulting in a transaction value of