1 a minute of reading
According to data from The Block, whales and institutions account for nearly the entire volume of transactions in Bitcoin (CRYPTO: BTC).
What happened
Sunday, analysis on the chain A post by The Block revealed that 99.3% of the total Bitcoin volume is managed by whales and foundations.
99% large share of transaction volume –
percentage of # bitcoinTotal volume managed by institutions and whales hit record levels of 99.3% in the fourth quarter of 2021. This is up from 97.5% in the first quarter of the year and 58% in the first quarter of 2017. pic.twitter.com/oVmnzE9AzP
– IntoTheBlock (intotheblock) December 19 2021
“The large volume of transactions as a agent Institutional activity and “whales”, as mentioned by The Block in A tweet.
“The total volume transferred in transactions over $100,000 increased by a factor of 4 from an average of $450 billion per week in January to $1.9 trillion in November.”
On the other hand, another report from the analysis platform on the chain Santiment states that the number of Bitcoin addresses containing between 100 and 1,000 BTC has grown exponentially in the past 10 weeks.
# bitcoinThe number of whale titles containing from 100 to 1000 titles BTC dollars He has 193 more titles at this prestigious club, compared to just 10 weeks ago. The number of whales in this layer showed some striking similarities with BTC dollars price historically. https://t.co/kFzKHVqWxq pic.twitter.com/ogN0Wiz7Ut
– Santimentfeed December 16, 2021
picture Michael Fortch and Unsplash
“Beeraholic. Friend of animals everywhere. Evil web scholar. Zombie maven.”
More Stories
Employment in the fashion industry continues to decline in the first quarter of 2024
Companies will continue to pay less dividends to the Treasury in 2023 than before the financial crisis
Closing value of the euro in Haiti on April 25 from EUR to HTG