Looking for sources of estimates of Bitcoin economic activity turnover?

(Note: repost from r/bitcoin, because nobody there had any useful responses…)

For the purposes of keeping the discussion on topic, please assume I posted this a couple of weeks ago…

I’m trying to find actual numbers, or at least reasonable estimates, on Bitcoin turnover due to economic activity (i.e. buying and selling of goods) vs speculative activity (i.e. buying Bitcoin in order to sell later). Everyone knows about Silk Road, of course, but that was years ago and there’s been increasing use of Bitcoin in PoS terminals since then. But, how much?

I’ve been trying to find out for myself but can’t figure out the right combination of magic financial/google terms to search for. Can anyone point me in the right direction?

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3 thoughts on “Looking for sources of estimates of Bitcoin economic activity turnover?”

  1. Bitcoin moved about $12.1 billion in value on-chain yesterday [https://money-movers.info/].

    There was about $32.8 billion traded on centralized exchanges in the same period [https://www.coingecko.com/en/coins/bitcoin#markets].

    People spent about $260k on fees to do so [https://cryptofees.info/].

    There’s roughly $120 million locked into applications built on Bitcoin (mostly the Lightning network) [https://defillama.com/chains].

    Is that the kind of thing you’re looking for?

  2. On chain analysis is what you are after. There are paid and free ones that makes sense of it but at its core, it is as simple as watching a blockchain explorer with the knowledge of identifying whale and exchange wallets


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