Bitcoin Is Maturing: Glassnode Reveals The Main Triggers
Bitcoin is gaining more and more popularity these days. In 2020 and 2021, when the world found itself in the middle of one of the biggest crises of our generation, Bitcoin turned out to be a grand safe haven, and more pe...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Bitcoin is gaining more and more popularity these days. In 2020 and 2021, when the world found itself in the middle of one of the biggest crises of our generation, Bitcoin turned out to be a grand safe haven, and more people understand this.
Bitcoin is maturingNow, it’s been revealed that Crypto insights firm Glassnode just said that BTC is evolving into a macro asset class thanks to big players in the financial markets.
In their new weekly report, Glassnode pointed out how Bitcoin’s blockchain has steadily become dominated by very large transaction sizes – in other words, transactions over $10,000,000 with the exception of those made by crypto exchanges.
“Breaking down the on-chain volume by transaction size, we can also see that very large transaction sizes ($10M+) continue to dominate. Overall entity-adjusted transaction volumes have largely returned to the peak of between $13.6B and $16.8B per day.”
Glassnode continued and said the following:
“The rising dominance of large transaction sizes hints to the increased maturation of Bitcoin as a macro-scale asset with increasing interest from high-net-worth individuals, trading desks, and institutions.”
Regarding the price of BTC, at the moment of writing this article, BTC is trading in the red and the king coin is priced at $51,324.14.
PlanB releases important info about BTCIn other news, PlanB has an important message to share with his Twitter followers, and you can check it out below.
ICYMI: sell walls are pure scare tactics, to scare you out of buying. Watch them remove the sell wall and place it higher, as soon as price approaches the sell wall. If they really wanted to sell (large amounts) they would do it stealth mode, not signaling their position. pic.twitter.com/CGgCgO5FoJ
— PlanB (@100trillionUSD) October 5, 2021
Stay tuned for more news from the crypto space.
The post Bitcoin Is Maturing: Glassnode Reveals The Main Triggers first appeared on CryptoGazette - Cryptocurrency News.Why this matters
This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on CryptoGazetteRelated market context
JP Morgan Warns of New Bitcoin Sell Pressure From Strategy While XRP AI Transactions Approach 1 Million
Although the two developments are unrelated, they illustrate how Bitcoin’s institutional investment narrative and XRP’s expanding...
Glassnode Says Bitcoin Accumulation Is Building Under The Surface
Bitcoin’s chart has looked heavy, but the on-chain picture is not quite as one-sided as the price action suggests. Glassnode’s lat...
Vitalik’s Lean Ethereum Plan Targets 10x Lower Fees, Quantum Safety, and Faster Finality
Key Takeaways: Vitalik Buterin announced the multi-year “Lean Ethereum” roadmap and declared it a third generation update for Ethe...
Reuters Crypto Coverage Gap Highlights Verification Challenges in Digital Asset Newsrooms
A missing Reuters crypto story reveals structural vulnerabilities in how digital asset news is sourced and verified across global...
Crypto hacks hit a record count but the biggest threat isn’t smart contracts
Crypto hack counts just set a record. The warning in TRM Labs' latest data is where the money is actually being lost. In its H1 20...
World Cup 2026 is quietly becoming crypto’s biggest mainstream stage
The integration of crypto in World Cup 2026 could significantly boost digital asset adoption, reshaping fan engagement and investm...