In March, Bitcoin’s on-chain flow was heavily dominated by large value bands, with transactions sized at 10 BTC or more typically making up 85% to 90% of the total daily volume.
This skew indicates that large holders and institutional entities were the primary contributors to the on-chain movement. In contrast, smaller transactions under 1 BTC or even 10 BTC remained a negligible part of daily volume, usually in the 10–15% range combined.
This has become a common pattern for the Bitcoin network as the asset matures, with most of its daily volume generated by large players rather than small retail transfers.
The two most influential bands were consistently the 10 BTC to 100 BTC and 100 BTC to 1,000 BTC categories, each tending to account for a significant fraction of the daily volume. On many days, they contributed 60% to 75% of the total spent BTC combined.
This highlights that mid to large-scale trades, such as sizable exchange withdrawals or institutional rebalancing, drove much
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