Data shows large transactions are rising in dominance as whales are moving their coins. This hints at Bitcoin’s increased maturation as a macro asset. Large Transactions Are On The Rise On The Bitcoin Network According to the latest weekly report from Glassnode, large transactions are becoming increasingly dominant on the BTC network, hinting that whales and institutional investors are showing rising interest in the crypto. The relevant indicator here is the total transfer volume breakdown by size (7-day moving average). This metric classifies the total transactions happening on the network into specific ranges based on the size of the transfer. Here is a chart showing the trend in the Bitcoin volume based on the various transaction sizes: Large transactions are growing dominant in the BTC market | Source: Glassnode The above graph shows that trading volume has again surged back recently after plunging down during the month of June and staying low ever since. Such high volumes show that there is a lot of interest going on in the coin right now. There is a box on the chart that covers the volumes between $13.6 billion and $16.8 billion. This box highlights the two regions of most volume where values were close to the all-time-high (ATH). Related Reading | Bitcoin S2F Creator PlanB Thinks BTC Will Reach $135k By December The difference between both the peaks becomes apparent on a closer examination of the chart. ...
