​Glassnode: the share of “whale” bitcoin transactions remains | Best Crypto Traders Official

​Glassnode: the share of “whale” bitcoin transactions remains high

In the structure of the value transferred on-chain, 65% are bitcoin transactions worth $1 million or more. Similar calculations were made by Glassnode analysts.

Experts emphasized that the trend began in October 2020, when the price of the first cryptocurrency fluctuated in the range of $10,000-$11,000.

The growing interest of institutional clients in digital gold can also be seen in the dynamics of receipts to funds based on digital assets.

Earlier, Glassnode analysts stated that the share of long-term investors in the total supply of bitcoin exceeded 80%.
Recall that in November, the financial conglomerate Citigroup announced the launch of a division focused on cryptocurrencies within the institutional client service group.