{"id":665375,"date":"2024-12-20T01:00:51","date_gmt":"2024-12-20T01:00:51","guid":{"rendered":"https:\/\/wncen.com\/?p=665375"},"modified":"2024-12-20T18:09:26","modified_gmt":"2024-12-20T18:09:26","slug":"bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price","status":"publish","type":"post","link":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","title":{"rendered":"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price"},"content":{"rendered":"<p data-pm-slice=\"1 1 []\">Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market fundamentals.<\/p>\n<p data-pm-slice=\"1 1 []\">Following the Federal Open Market Committee (FOMC) meeting and a speech by Federal Reserve Chair Jerome Powell, Bitcoin\u2019s price <a href=\"https:\/\/wncen.com\/news\/crypto-bull-run-over-top-exec-crash\/\" target=\"_blank\" rel=\"noopener \">dropped sharply below $99,000<\/a>.<\/p>\n<p data-pm-slice=\"1 1 []\">However, the leading crypto quickly rebounded,<a href=\"https:\/\/wncen.com\/bitcoin-news\/interest-rate-cut-impact-bitcoin-price-reaction-unraveled-with-future-projections\/\" target=\"_blank\" rel=\"noopener \"> climbing back to $104,000<\/a> earlier today before settling at $100,573 at the time of writing. This represents a 3.4% decrease over the past day and a roughly $67 billion reduction in its market cap valuation.<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoins-price-momentum-shifts-as-spot-market-outpaces-futures-heres-what-it-means\/\" target=\"_blank\" rel=\"noopener \">Bitcoin\u2019s Price Momentum Shifts As Spot Market Outpaces Futures \u2013 Here\u2019s What It Means<\/a><\/div>\n<h2 data-pm-slice=\"1 1 []\">Exchange Transactions Hit Record Lows<\/h2>\n<p data-pm-slice=\"1 1 []\">Amid this price performance, CryptoQuant analyst known as Woominkyu provided <a href=\"https:\/\/cryptoquant.com\/insights\/quicktake\/6763df7d12a32e1b22425b39-Exchange-Transaction-is-low\" target=\"_blank\" rel=\"noopener nofollow\">insights<\/a> into Bitcoin\u2019s market activity, highlighting declining exchange transaction volumes.<\/p>\n<p data-pm-slice=\"1 1 []\">According to Woominkyu, historical data suggests a correlation between transaction volume spikes and significant price movements. For example, peaks in exchange transactions coincided with Bitcoin&#8217;s dramatic price surges in 2017 and 2021.<\/p>\n<figure style=\"width: 1280px\" class=\"wp-caption aligncenter\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/img.cryptoquant.com\/64430\/quicktake\/sLTdYAtFL_a6bdf9fc42a47c92078ee2ca5870daad6ce0eb5866e2a6cbdb584901cdf2410e.png?resize=1280%2C720&#038;ssl=1\" alt=\"Bitcoin exchange transactions. \" width=\"1280\" height=\"720\"><figcaption class=\"wp-caption-text\">Bitcoin exchange transactions. | Source: CryptoQuant<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">However, recent data shows a marked decline in transaction volumes on both <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoins-price-momentum-shifts-as-spot-market-outpaces-futures-heres-what-it-means\/\" target=\"_blank\" rel=\"noopener \">spot and derivative exchanges<\/a>, reflecting reduced trading activity compared to previous years.<\/p>\n<p data-pm-slice=\"1 1 []\">This decrease, according to the CryptoQuant analyst may indicate &#8220;waning market participation,&#8221; suggesting a &#8220;period of consolidation or reduced volatility&#8221; in the near term.<\/p>\n<h2 data-pm-slice=\"1 1 []\">Bitcoin Key Support Levels and Technical Insights<\/h2>\n<p data-pm-slice=\"1 1 []\">Market intelligence platform IntoTheBlock has<a href=\"https:\/\/x.com\/intotheblock\/status\/79872565\" target=\"_blank\" rel=\"noopener nofollow\"> shed light<\/a> on an important support zone forming just below the $100,000 mark. The data shared by the platform reveals that over 1.45 million BTC were accumulated at an average price of $97,500.<\/p>\n<figure style=\"width: 1708px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/media\/GfKJgrzWIAAAYtm?format=jpg&amp;name=large\" alt=\"Bitcoin in\/out money around price.\" width=\"1708\" height=\"283\"><figcaption class=\"wp-caption-text\">Bitcoin in\/out money around price. | Source: IntoTheblock<\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">This accumulation has established a significant demand zone, potentially serving as a &#8220;buffer&#8221; against further price declines. The importance of this level lies in its ability to provide a foundation for <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-data-reveals-no-significant-panic-selling-in-the-market-shakeout-or-trend-shift\/\" target=\"_blank\" rel=\"noopener \">price stability<\/a>, particularly as Bitcoin navigates its current phase of market correction.<\/p>\n<p data-pm-slice=\"1 1 []\">It is suggested that a breach below this zone could trigger further downward pressure, while holding above it might boost recovery efforts.<\/p>\n<p data-pm-slice=\"1 1 []\">Meanwhile, from a technical perspective, insights shared by market analyst Satoshi Wolf highlight the critical nature of Bitcoin\u2019s current price levels. The cryptocurrency recently tested the $100,000 support, aligning with the 100-day Exponential Moving Average (EMA).<\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/wncen.com\/news\/crypto-bull-run-over-top-exec-crash\/\" target=\"_blank\" rel=\"noopener \">Is The Crypto Bull Run Over? Top Exec Discusses The Market Crash<\/a><\/div>\n<p data-pm-slice=\"1 1 []\">This level is pivotal as it combines technical indicators with psychological significance. The Moving Average Convergence Divergence (MACD) indicator shows <a href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-next-big-move-key-metric-reveals-when-to-cash-in-profits\/\" target=\"_blank\" rel=\"noopener \">bearish momentum<\/a>, while the Relative Strength Index (RSI) nears oversold territory, signalling the potential for a price reversal.<\/p>\n<figure style=\"width: 2770px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-large\" src=\"https:\/\/www.tradingview.com\/x\/JksUNjrD\/\" alt=\"Bitcoin (BTC) price chart on TradingView\" width=\"2770\" height=\"1496\"><figcaption class=\"wp-caption-text\">BTC price is moving upwards on the 2-hour chart. Source: BTC\/USDT on <a href=\"https:\/\/www.tradingview.com\/chart\/HSuSIPeM\/?symbol=BINANCE%3ABTCUSDT.P\" target=\"_blank\" rel=\"noopener nofollow\">TradingView.com<\/a><\/figcaption><\/figure>\n<p data-pm-slice=\"1 1 []\">Wolf suggests that traders monitor for a confirmed breakout above $104,000 or a breakdown below $100,000, with volume confirmation being key to validating either.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">\ud83d\udcca <a href=\"https:\/\/twitter.com\/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">$BTC<\/a> Analysis: The chart shows a recent pullback after a strong uptrend, suggesting potential profit-taking. Price is testing the 100,000 support, aligning with the 100 EMA, a crucial level to watch.<\/p>\n<p>If it holds, a bounce back towards 104,000 resistance is possible. MACD\u2026 <a href=\"https:\/\/t.co\/smLaqsr2Tz\" target=\"_blank\" rel=\"noopener nofollow\">pic.twitter.com\/smLaqsr2Tz<\/a><\/p>\n<p>\u2014 Satoshi Wolf (@SatoshiWolf) <a href=\"https:\/\/twitter.com\/SatoshiWolf\/status\/42043814?ref_src=twsrc%5Etfw\" target=\"_blank\" rel=\"noopener nofollow\">December 18, 2024<\/a><\/p><\/blockquote>\n<p data-pm-slice=\"1 1 []\">Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market fundamentals. Following the Federal Open Market Committee (FOMC) meeting and a speech by Federal Reserve Chair Jerome Powell, Bitcoin\u2019s price dropped sharply below $99,000. However, the leading crypto quickly rebounded, climbing back to $104,000 earlier today before settling at $100,573 at the time of writing. This represents a 3.4% decrease over the past day and a roughly $67 billion reduction in its market cap valuation. Related Reading: Bitcoin\u2019s Price Momentum Shifts As Spot Market Outpaces Futures \u2013 Here\u2019s What It Means Exchange Transactions Hit Record Lows Amid this price performance, CryptoQuant analyst known as Woominkyu provided insights into Bitcoin\u2019s market activity, highlighting declining exchange transaction volumes. According to Woominkyu, historical data suggests a correlation between transaction volume spikes and significant price movements. For example, peaks in exchange transactions coincided with Bitcoin&#8217;s dramatic price surges in 2017 and 2021. However, recent data shows a marked decline in transaction volumes on both spot and derivative exchanges, reflecting reduced trading activity compared to previous years. This decrease, according to the CryptoQuant analyst may indicate &#8220;waning market participation,&#8221; suggesting a &#8220;period of consolidation or reduced volatility&#8221; in the near term. Bitcoin Key Support Levels and Technical Insights Market intelligence platform IntoTheBlock has shed light on an important support zone forming just below the $100,000 mark. The data shared by the platform reveals that over 1.45 million BTC were accumulated at an average price of $97,500. This accumulation has established a significant demand zone, potentially serving as a &#8220;buffer&#8221; against further price declines. The importance of this level lies in its ability to provide a foundation for price stability, particularly as Bitcoin navigates its current phase of market correction. It is suggested that a breach below this zone could trigger further downward pressure, while holding above it might boost recovery efforts. Meanwhile, from a technical perspective, insights shared by market analyst Satoshi Wolf highlight the critical nature of Bitcoin\u2019s current price levels. The cryptocurrency recently tested the $100,000 support, aligning with the 100-day Exponential Moving Average (EMA). Related Reading: Is The Crypto Bull Run Over? Top Exec Discusses The Market Crash This level is pivotal as it combines technical indicators with psychological significance. The Moving Average Convergence Divergence (MACD) indicator shows bearish momentum, while the Relative Strength Index (RSI) nears oversold territory, signalling the potential for a price reversal. Wolf suggests that traders monitor for a confirmed breakout above $104,000 or a breakdown below $100,000, with volume confirmation being key to validating either. \ud83d\udcca $BTC Analysis: The chart shows a recent pullback after a strong uptrend, suggesting potential profit-taking. Price is testing the 100,000 support, aligning with the 100 EMA, a crucial level to watch. If it holds, a bounce back towards 104,000 resistance is possible. MACD\u2026 pic.twitter.com\/smLaqsr2Tz \u2014 Satoshi Wolf (@SatoshiWolf) December 18, 2024 Featured image created with DALL-E, Chart from TradingView<\/p>\n","protected":false},"author":580,"featured_media":666086,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[88240],"tags":[428,629,1119,78790,6664,10923,83531],"class_list":["post-665375","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin-news","tag-bitcoin","tag-bitcoin-market","tag-btc","tag-btcusdt","tag-crypto","tag-crypto-market","tag-cryptoquant"],"acf":[],"yoast_head":"\n<title>Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price<\/title>\n<meta name=\"description\" content=\"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price\" \/>\n<meta property=\"og:description\" content=\"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-20T01:00:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-12-20T18:09:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"1024\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Samuel Edyme\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@0xEdyme\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Samuel Edyme\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\"},\"author\":{\"name\":\"Samuel Edyme\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\"},\"headline\":\"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price\",\"datePublished\":\"2024-12-20T01:00:51+00:00\",\"dateModified\":\"2024-12-20T18:09:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\"},\"wordCount\":535,\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024\",\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"BTCUSDT\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"articleSection\":[\"Bitcoin News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2024\",\"copyrightHolder\":{\"@id\":\"https:\/\/wncen.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\",\"url\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\",\"name\":\"Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price\",\"isPartOf\":{\"@id\":\"https:\/\/wncen.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024\",\"datePublished\":\"2024-12-20T01:00:51+00:00\",\"dateModified\":\"2024-12-20T18:09:26+00:00\",\"description\":\"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...\",\"breadcrumb\":{\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024\",\"width\":1024,\"height\":1024,\"caption\":\"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/wncen.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/wncen.com\/#website\",\"url\":\"https:\/\/wncen.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/wncen.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/wncen.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/wncen.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/wncen.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/wncen.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500\",\"name\":\"Samuel Edyme\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/wncen.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g\",\"caption\":\"Samuel Edyme\"},\"description\":\"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.\",\"sameAs\":[\"https:\/\/x.com\/0xEdyme\"],\"url\":\"https:\/\/wncen.com\/author\/samueledymeabayomi\/\"}]}<\/script>\n","yoast_head_json":{"title":"Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price","description":"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","og_locale":"en_US","og_type":"article","og_title":"Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price","og_description":"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...","og_url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2024-12-20T01:00:51+00:00","article_modified_time":"2024-12-20T18:09:26+00:00","og_image":[{"width":1024,"height":1024,"url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg","type":"image\/jpeg"}],"author":"Samuel Edyme","twitter_card":"summary_large_image","twitter_creator":"@0xEdyme","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Samuel Edyme","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#article","isPartOf":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/"},"author":{"name":"Samuel Edyme","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500"},"headline":"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price","datePublished":"2024-12-20T01:00:51+00:00","dateModified":"2024-12-20T18:09:26+00:00","mainEntityOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/"},"wordCount":535,"publisher":{"@id":"https:\/\/wncen.com\/#organization"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024","keywords":["bitcoin","bitcoin market","btc","BTCUSDT","crypto","crypto market","cryptoquant"],"articleSection":["Bitcoin News"],"inLanguage":"en-US","copyrightYear":"2024","copyrightHolder":{"@id":"https:\/\/wncen.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","url":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","name":"Bitcoin Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price","isPartOf":{"@id":"https:\/\/wncen.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage"},"image":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024","datePublished":"2024-12-20T01:00:51+00:00","dateModified":"2024-12-20T18:09:26+00:00","description":"Bitcoin has experienced significant price movements in the past few days, largely influenced by macroeconomic developments and market...","breadcrumb":{"@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#primaryimage","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024","width":1024,"height":1024,"caption":"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price"},{"@type":"BreadcrumbList","@id":"https:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/wncen.com\/"},{"@type":"ListItem","position":2,"name":"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price"}]},{"@type":"WebSite","@id":"https:\/\/wncen.com\/#website","url":"https:\/\/wncen.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/wncen.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/wncen.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/wncen.com\/#organization","name":"NewsBTC","url":"https:\/\/wncen.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/","url":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/wncen.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/wncen.com\/#\/schema\/person\/d19b5f18d945fb75e71771134d0e2500","name":"Samuel Edyme","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/wncen.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/0740dd47da0842fb4beb4895ce9022b4?s=96&d=mm&r=g","caption":"Samuel Edyme"},"description":"Meet Samuel Edyme, Nickname - HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme\u2019s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful market analysis. Before becoming the voice of reason in the crypto space, Edyme was the quintessential crypto degen. He aped into anything that promised a quick buck, anything ape-able, learning the ropes the hard way. These hands-on experience through major market events\u2014like the Terra Luna crash, the wave of bankruptcies in crypto firms, the notorious FTX collapse, and even CZ\u2019s arrest\u2014has honed his keen sense of market dynamics. When he isn\u2019t crafting engaging crypto content, you\u2019ll find Edyme backtesting charts, studying both forex and synthetic indices. His dedication to mastering the art of trading is as relentless as his pursuit of the next big story. Away from his screens, he can be found in the gym, airpods in, working out and listening to his favorite artist, NF. Or maybe he\u2019s catching some Z\u2019s or scrolling through Elon Musk\u2019s very own X platform\u2014(oops, another screen activity, my bad\u2026) Well, being an introvert, Edyme thrives in the digital realm, preferring online interaction over offline encounters\u2014(don\u2019t judge, that\u2019s just how he is built). His determination is quite unwavering to be honest, and he embodies the philosophy of continuous improvement, or \u201ckaizen,\u201d striving to be 1% better every day. His mantras, \u201cGod knows best\u201d and \u201cEverything is still on track,\u201d reflect his resilient outlook and how he lives his life. In a nutshell, Samuel Edyme was born efficient, driven by ambition, and perhaps a touch fierce. He\u2019s neither artistic nor unrealistic, and certainly not chauvinistic. Think of him as Bruce Willis in a train wreck\u2014unflappable. Edyme is like trading in your car for a jet\u2014bold. He\u2019s the guy who\u2019d ask his boss for a pay cut just to prove a point\u2014(uhhh\u2026). He is like watching your kid take his first steps. Imagine Bill Gates struggling with rent\u2014okay, maybe that\u2019s a stretch, but you get the idea, yeah. Unbelievable? Yes. Inconceivable? Perhaps. Edyme sees himself as a fairly reasonable guy, albeit a bit stubborn. Normal to you is not to him. He is not the one to take the easy road, and why would he? That\u2019s just not the way he roll. He has these favorite lyrics from NF\u2019s \u201cClouds\u201d that resonate deeply with him: \u201cWhat you think's probably unfeasible, I've done already a hundredfold.\u201d PS\u2014Edyme is HIM. HIM-buktu. Him-mulation. Him-Kardashian. Himon and Pumba. He even had his DNA tested, and guess what? He\u2019s 100% Him-alayan. Screw it, he ate the opp.","sameAs":["https:\/\/x.com\/0xEdyme"],"url":"https:\/\/wncen.com\/author\/samueledymeabayomi\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin\u2019s Exchange Transactions Hit Record Lows\u2014What This Means For BTC\u2019s Price","url":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/bitcoin-news\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024"},"articleSection":"Bitcoin News","author":[{"@type":"Person","name":"Samuel Edyme"}],"creator":["Samuel Edyme"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin market","btc","btcusdt","crypto","crypto market","cryptoquant"],"dateCreated":"2024-12-20T01:00:51Z","datePublished":"2024-12-20T01:00:51Z","dateModified":"2024-12-20T18:09:26Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin\\u2019s Exchange Transactions Hit Record Lows\\u2014What This Means For BTC\\u2019s Price\",\"url\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/bitcoin-news\\\/bitcoin-exchange-transactions-hit-record-lows-what-this-means-for-btcs-price\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2024\\\/12\\\/DALL\\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024\"},\"articleSection\":\"Bitcoin News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Samuel Edyme\"}],\"creator\":[\"Samuel Edyme\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin market\",\"btc\",\"btcusdt\",\"crypto\",\"crypto market\",\"cryptoquant\"],\"dateCreated\":\"2024-12-20T01:00:51Z\",\"datePublished\":\"2024-12-20T01:00:51Z\",\"dateModified\":\"2024-12-20T18:09:26Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2024\/12\/DALL\u00b7E-2024-12-20-19.08.19-A-visually-detailed-digital-illustration-representing-Bitcoin-with-an-emphasis-on-declining-exchange-transactions.-The-artwork-should-depict-a-Bitcoin.jpg?fit=1024%2C1024","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/665375","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/580"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=665375"}],"version-history":[{"count":2,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/665375\/revisions"}],"predecessor-version":[{"id":665426,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/665375\/revisions\/665426"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/666086"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=665375"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=665375"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=665375"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}