According to glassnode, Bitcoin settled over $2.9 trillion on-chain in 2024, reinforcing BTC's significance as a global settlement layer. Despite reduced price volatility, the high transaction volume demonstrates robust network activity. For crypto traders, this sustained on-chain utility signals ongoing institutional and cross-border usage, supporting Bitcoin’s liquidity and underlining its role in the broader cryptocurrency market. Source: glassnode (June 5, 2025).