Bitcoin transactions in the mid-sized range have been on the rise, indicating a maturing market and growth in retail participation. According to data from Glassnode, transfers between $1,000 and $10,000 have seen a slight increase, showing more activity from retail investors.
On the other hand, larger transfers ranging from $10,000 to $1 million have also increased, accounting for around 20-30% of the total volume. This suggests a growing presence of institutional players in the market. However, transfers over $10 million have seen a decline, indicating a shift in activity towards mid-sized transactions.
Looking back at historical data since 2017, there has been a noticeable decrease in the dominance of small transactions, with mid-sized volumes, especially those over $100,000, taking the lead. This shift reflects a more mature user base for Bitcoin, with a focus on larger transactions.
The trends in Bitcoin transaction volume over the past year point to a market that is evolving and adapting to changing conditions. The resurgence of volume in the $10 million and above range in late May, followed by stabilization, shows a market that is finding its footing after fluctuations.
Overall, the increase in mid-sized transactions and the presence of institutional activity indicate a market that is growing and becoming more diverse. As Bitcoin continues to gain mainstream acceptance, we can expect to see further developments in how transactions are conducted and who is participating in the market.