Bitcoin has surpassed 100,000 USD for 23 days straight and peaked at 112,000 USD on May 22, 2025. The hashrate climbed to 929 exahash per second on May 8, 2025, although mining profitability fell by 22% post-halving.
On-chain engagement is decreasing, with daily transaction counts between 290,000 and 630,000. The average transactions settled at around 460,000, indicating a reduced flow, while the Lightning Network has seen a 50% drop in channels.
Investor engagement spiked with activity surging around Bitcoin’s all-time highs. Trading volume on exchanges reached 33% of on-chain volume, as futures and options open interest surged during the current bullish cycle.
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