Bitcoin processes $7.3 billion a day in the “True” transfers, a report shows. This is how to compare with traditional processors.
Bitcoin volume is now $7.3 billion per day
In a new report in partnership with the CME Group, link analysis firm GlassNode discusses how the volume of transmissions on the Bitcoin network looks recently.
The “transfer” here refers to an indicator that tracks the total amount of cryptocurrencies associated with blockchain transactions.
Here is a chart shared in the report that shows the trends for this indicator of BTC:
How the transfer volume on the network has changed over the years | Source: Bitcoin - Insights and Market Trends H1 2025
As shown in the above chart, the recent daily Bitcoin transfers have recently reached $48.7 billion. The value is greater than the $36.2 billion per day for visa processing or Mastercard $26.7 billion per day.
However, the volume is unfiltered, meaning it contains all the noise brought by the cryptocurrency blockchain, just like the transfer between the same investor wallets.
Analytics companies have proposed a way to mitigate this problem:
GlassNode pioneered the application of advanced filtering heuristics, which can evaluate whether chain transaction volume is essentially economical or whether internal transactions are evaluated through exchanges such as Coinbase and Binance, such as wallet management.
A modified version that explains this metric is called Entity Adjustment Volume. This indicator can only track transfers occurring between two separate “entities”, one of which belongs to the same investor’s address group.
“Once this filtering is applied, the economic transfer will be close to $7.3 billion per day, totaling 2.9 tons in 2024,” the report noted. The value is smaller than the amount processed by traditional payment processors, but impressive.
In the same report, the Glass Section also shared a zoom view of Bitcoin’s “implemented caps” that measures the total value of the BTC supply by assuming that the value of each individual token is equal to the last transaction made on the blockchain.
In short, this indicator represents the total amount of capital invested by investors in cryptocurrencies as a whole.
Looks like the value of the metric has been climbing up for a while now | Source: Bitcoin - Insights and Market Trends H1 2025
From the chart, it is obvious that BTC realized the upper limit was $400 billion in November 2022 when the bear market reached its lowest point. Since then, the metric has grown to $872 billion. “This shows that Bitcoin has absorbed an astonishing +$472B of fresh capital inflows in the current cycle,” the analyst firm said.
BTC price
Over the past day, Bitcoin’s price has dropped to $101,000, a figure that is nearly 3%.
The trend in the BTC price over the past five days | Source: BTCUSDT on TradingView
Dall-E, Featured Images of GlassNode.com, Charts of TradingView.com
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