In the previous 11 months, the dominance of Bitcoin (BTC) transfers worth $1 million or more has increased from 30% to 70%.
Bitcoin transactions over $1 million or more have grown significantly since September 2020, according to the most recent statistics from the crypto analytics platform Glassnode. Indeed, so-called Bitcoin whale accounts dominate the BTC network activity in terms of large transaction amounts.
In actuality, large Bitcoin transfers now mount up to approximately 70% of total value moved, up from 30% in September 2020. On the flip side, the dominance of smaller Bitcoin transactions has declined dramatically throughout the aforementioned period.
