BILL on-chain activity is running at 4.5x its normal baseline right now.
The last hour saw 34 transfers totaling $252.7K, an abrupt jump that cleared the elevated-activity thresholds. Spikes of this size against an asset's own baseline often mark the moment attention starts to pool around it, bringing liquidity that wasn't there in the prior window.
MAIN THESIS
What matters here is the velocity change, not the raw dollar figure. Volume is relative, and a 4.5x surge says something shifted the tempo. That is the early signal worth tracking.
