{"id":56715,"date":"2022-01-27T19:40:25","date_gmt":"2022-01-27T17:40:25","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=56715"},"modified":"2025-09-04T07:52:09","modified_gmt":"2025-09-04T04:52:09","slug":"glassnode-whale-bitcoin-transaction-share-remains-high","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/glassnode-whale-bitcoin-transaction-share-remains-high\/","title":{"rendered":"Glassnode: Whale Bitcoin transaction share remains high"},"content":{"rendered":"<p>In the structure of the on-chain value transferred, 65% consists of Bitcoin transactions valued at $1 million and above. Such calculations were made by Glassnode analysts.<\/p>\n<p><!--more--><\/p>\n<blockquote class=\\\"twitter-tweet\\\">\n<p lang=\\\"en\\\" dir=\\\"ltr\\\"><a href=\\\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\\\">#Bitcoin<\/a> transfer volumes continue to be dominated by institutional size flows, with more than 65% of all transactions being larger than $1M in value.<\/p>\n<p>The uptrend in institutional dominance in onchain volumes started around Oct 2020 when prices were around $10k to $11k. <a href=\\\"https:\/\/t.co\/tTbMEuIriB\\\">pic.twitter.com\/tTbMEuIriB<\/a><\/p>\n<p>\u2014 glassnode (@glassnode) <a href=\\\"https:\/\/twitter.com\/glassnode\/status\/1486700532014227458?ref_src=twsrc%5Etfw\\\">January 27, 2022<\/a><\/p><\/blockquote>\n<p> <script async=\\\"\\\" src=\\\"https:\/\/platform.twitter.com\/widgets.js\\\" charset=\\\"utf-8\\\"><\/script><\/p>\n<p>Experts noted that the trend began in October 2020, when the price of the first cryptocurrency hovered in the $10,000\u2013$11,000 range.<\/p>\n<p>Growth in institutional clients<a href=\"https:\/\/forklog.com\/en\/news\/crypto-funds-post-first-inflows-in-six-weeks\"> to digital gold is traceable<\/a> also in the inflows into funds based on digital assets.<\/p>\n<figure class=\\\"wp-block-image size-full\\\"><img loading=\\\"lazy\\\" decoding=\\\"async\\\" width=\\\"974\\\" height=\\\"682\\\" src=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image1-495.png\\\" alt=\\\"Glassnode: Whale Bitcoin transactions share remains high\\\" class=\\\"wp-image-163256\\\" srcset=\\\"https:\/\/forklog.com\/wp-content\/uploads\/image1-495.png 974w, https:\/\/forklog.com\/wp-content\/uploads\/image1-495-300x210.png 300w, https:\/\/forklog.com\/wp-content\/uploads\/image1-495-768x538.png 768w\\\" sizes=\\\"auto, (max-width: 974px) 100vw, 974px\\\" \/><figcaption>Data: CoinShares.<\/figcaption><\/figure>\n<p>Earlier, Glassnode analysts stated that the share of long-term holders in the total Bitcoin supply<a href=\"https:\/\/forklog.com\/en\/news\/glassnode-analysts-flag-bear-trend-in-bitcoin-price\"> exceeded 80%<\/a>.<\/p>\n<p>In November, the financial conglomerate Citigroup<a href=\"https:\/\/forklog.com\/en\/news\/citigroup-to-launch-digital-assets-unit-for-institutional-clients\"> announced<\/a> the launch of a crypto-focused division within its institutional client services group.<\/p>\n<p> Follow ForkLog news on Telegram: <a href=\\\"https:\/\/t.me\/forklogfeed\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog Feed<\/a> \u2014 a full news digest, <a href=\\\"https:\/\/telegram.me\/forklog\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">ForkLog<\/a> \u2014 the latest news, infographics and opinions <\/p>\n","protected":false},"excerpt":{"rendered":"<p>In the on-chain value structure in Bitcoin, 65% consists of transactions valued at $1 million or more.<\/p>\n","protected":false},"author":1,"featured_media":56716,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1145],"class_list":["post-56715","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-market-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"19","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56715","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=56715"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56715\/revisions"}],"predecessor-version":[{"id":56717,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/56715\/revisions\/56717"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/56716"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=56715"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=56715"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=56715"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}