According to recent metrics, bitcoin ( BTC) held in the Lightning Network, a payment-oriented layer two (L2) protocol, has declined sharply over the past 37 days.

Lightning Network’s $69M Drain The network’s capacity—the total BTC locked in its channels—now sits at 4,550 BTC, the smallest amount since September 2023, according to data collected by theblock.co. On Feb. 12, 2025, the figure stood at 5,370 BTC, meaning 820 BTC has exited the system in this period.