One conclusion. Given that the price of Bitcoin went up significantly since those transaction volumes peaked a few years ago, transaction Volume is down significantly, while the size of the avg. transaction (dollar amount) is much higher.

On a stock chart, that would look like distribution, as price continues to rise while volume dwindles. Of course, such a phenomena can last for some time. In my opinion, this is a critical week. Either, Bitcoin declines sharply from here,(I bought a couple of BITI calls on Friday.) OR, I am wrong and it breaks out above the recent $108,000+ high and has a new leg upward. https://www.zerohedge.com/crypto/19-trillion-transactions-settled-bitcoin-network-2024