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

Top Altcoins To Buy Before Bitcoin Hits $100K

The post Top Altcoins To Buy Before Bitcoin Hits $100K appeared first on Coinpedia Fintech News Analyst Tom Lee of Fundstrat Global Advisors in a recent video analysis highlighted that Bitcoin is

Bitcoin’s Market Is Still In An ‘Healthy Growth’ Phase, Says Analyst—Here’s Why

Last week, Bitcoin saw consistent upward momentum, leading to the asset breaching multiple resistances to achieve a peak of $93,477 finally However, ever since, BTC has seen a price decrease and

Planning Ahead: Cosmos Health Looks to Add Bitcoin and Ethereum to Its Treasury

Chicago-based Cosmos Health, a publicly traded, vertically integrated global healthcare company, is diving into the crypto space by incorporating digital assets into its treasury reserves A Publicly

Bitcoin Spot ETFs See $255M Inflows Led by BlackRock and Fidelity

The post Bitcoin Spot ETFs See $255M Inflows Led by BlackRock and Fidelity appeared first on Coinpedia Fintech News As the BTC price is sustaining dominance above the $91,000 mark, the buyers

Pump.fun Liquidates Over $313M in SOL Holdings: Impact on Solana Network

The post Pumpfun Liquidates Over $313M in SOL Holdings: Impact on Solana Network appeared first on Coinpedia Fintech News Leading Solana (SOL)-based memecoin launch platform Pumpfun has continued to

Polter Finance Exploiter to Transfer $120 in ETH to Tornado Cash  

The post Polter Finance Exploiter to Transfer $120 in ETH to Tornado Cash   appeared first on Coinpedia Fintech News A Decentralized Finance platform, Polter Finance, was scammed and lost around
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.