Bitcoin Transactions Drop Amid Record Price Surge

Recent price surges for Bitcoin have seen its transaction volume plummet, reaching levels not witnessed since 2023. This trend aligns with past bullish cycles where investor confidence and holding patterns prioritize long-term gains rather than immediate on-chain engagement. On June 7th, 2025, the daily Bitcoin transaction count dipped to a record low of 290,718. While this suggests a potential pause in activity as traders shift towards centralized platforms, it’s important to note that no significant institutional or altcoin movements were attributed to the price spike.