First time since the ATH that tx/day has surpassed 77k. Also, weird correlation

[WeGotCactus]

https://i.imgur.com/j8Ry5AB.png

What do you make of this? Why does price sometimes correlate positively with tx/day and sometimes negatively?

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[Hyena]

OMG; TX PER DAY IS IN A BUBBLE!

[Skoupi]

I guess it's hard to manipulate transactions/day. Price not so much... 

[Elwar]

OMG; TX PER DAY IS IN A BUBBLE!

this

I am pulling all my transactions.

[janos666]

Well, I think it should be on the list of possible explanations that people might started to fear of a possible "crash" (this downtrend have been long and heavy enough to make anybody but blind believers a little nervous about a possible <200$ period) and thus they are depositing their coins to exchange wallets to place stop loss orders (or eventually just sell most or all of it, thus supporting the decline...).

Both kind of panic, be it spirited by positive or negative human feelings and/or objective data analysis could increase the raw overall volume, be that flow consisting of blood or honey.
Hmm... I think I must try how blood tastes with a drop of honey and a little milk (at least that's how I drink my coffee and how I might end up with the BTC speculation).

[FattyMcButterpants]

I guess it's hard to manipulate transactions/day. Price not so much... 

The opposite is actually true. There is nothing stopping someone from making a bunch of transactions to themselves, all from (and to) addresses they control. They could even not include TX fees to make this kind of manipulation not cost anything.

The price on the other hand requires real money to be risked in order to move the price in a certain direction.

NOTE: I am not saying that the TX/day figure is being manipulated, just that it would be very possible to manipulate