Bitcoin Settlement Value Rises While Miner Fees and Activity Fall
Glassnode's October 26 data shows Bitcoin's estimated settlement value climbing to over $5 billion. At the same time, miners earned only $185,000 in transaction fees, and active addresses also declined. The mix suggests large transfers are growing while everyday network use is quieter.
Why it matters
- Estimated settlement value rose, so large Bitcoin transfers may be picking up.
- Miners collected just $185,000 in transaction fees, a sign of lower network demand.
- Active addresses also fell, which can signal less broad participation in the network.
What to watch next
Watch whether settlement value keeps rising while fees and active addresses stay low, since that would confirm the trend.
