All
Contribute!
BlockchainCrypto MarketCryptocurrency

Whale activity on the Bitcoin network makes up 50% of all transactions

CoinSurges
By CoinSurges

Share This Post

Definition

Entity-adjusted relative on-chain volume breakdown by the USD value of the transactions.

Quick Take

  • Whale activity in terms of transactions now accounts for 50% of the Bitcoin network.
  • Whale activity is defined by a transfer volume of $1M or more.
  • During the FTX collapse, whale activity decreased to as low as 39%.
  • During the FTX collapse, whale addresses increased drastically, with a 30-day change count of over 20 addresses.
Transfer volume breakdown by size: (Source: Glassnode)
Transfer volume breakdown by size: (Source: Glassnode)
Whale address count: (Source: Glassnode)
Whale address count: (Source: Glassnode)

The post Whale activity on the Bitcoin network makes up 50% of all transactions appeared first on CryptoSlate.

Read Entire Article
spot_img
- Advertisement -spot_img

Related Posts

Bitcoin Season Begins, Over 99% UTXO In Profit!

The post Bitcoin Season Begins, Over 99% UTXO In Profit! appeared first on Coinpedia Fintech News With the BTC price reclaiming the $91,500 mark, 993% of Unspent transaction output (UTXOs) are in

XRP News Today: Ripple Legal Team Warns Against Stebbins’ SEC Leadership

The post XRP News Today: Ripple Legal Team Warns Against Stebbins’ SEC Leadership appeared first on Coinpedia Fintech News Gary Gensler’s tenure as SEC chairman is coming to an end His tenure was

MicroStrategy eyes another raise, now $1.75 billion for potential 19,000 Bitcoin boost

On Nov 18, MicroStrategy unveiled plans to raise $175 billion through zero-coupon senior convertible notes to support additional Bitcoin acquisitions and other business initiatives These notes will

XTZ Price Analysis: As Bulls Target $2.27, Is $18 a Realistic Target?

The post XTZ Price Analysis: As Bulls Target $227, Is $18 a Realistic Target appeared first on Coinpedia Fintech News In the weekly chart, the XTZ price action shows a bullish recovery at play With

Bitcoin And Ethereum Now Treasury Reserves For International Healthcare Group Cosmos

In the wake of President-elect Donald Trump’s victory on November 5, there has been a notable surge in interest surrounding Bitcoin (BTC) and other digital assets This trend is prompting global

Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Hints at Executive Order Implementation

Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally He stated that several
Previous article
Why This Deutsche Bank Division Is Gearing Up For A Crypto Investment
Next article
Another Bitcoin Metric Turns Bullish With Price At $23,000 And Forecasts More Profits

Categories:

Hot right now:

Company:

Follow on:

Crypto Coin Live Stats

Coinsurges provides coverage of fintech, blockchain, and Bitcoin, delivering the most recent news and analyses on the future of money. Stay up-to-date with live prices, charts, and trading options for the top exchanges. Keep track of the day's top cryptocurrency gainers and losers, as well as which coins have experienced gains and losses in the past 24 hours.
Trust Coinsurges as your go-to source for all news and updates in the industry.