July 4 (Cointime) - Bitcoin miners have transferred $105 million worth of BTC to exchanges as the cryptocurrency surpassed the $30,000 price point, according to Glassnode. This is the second-largest US dollar-denominated transfer on record. Glassnode also reported a 211% increase in the volume settled on the Bitcoin network year-to-date, indicating improved network utilization.

However, the settlement value remains significantly lower than the all-time high of $13.1 billion experienced during the 2021 bull market. Additionally, Glassnode estimates that less than $30 billion worth of BTC is available for trading, with just under half being spot Bitcoin.