• Bitcoin’s median transfer volume has recently reached a record low.
• However, the number of Bitcoin transactions has spiked to an all-time high.

The ever-changing price of Bitcoin [BTC] appears to have influenced a decline in institutional transactions while retail investors have taken the lead. Considering the current median transaction levels, what extent of involvement can we observe from retail holders versus institutional holders?

Read Bitcoin’s [BTC] Price Prediction 2023-24

Bitcoin Median Transfer Volume hits record-low

Glassnode Alerts recently shared a post revealing that the seven-day Moving Average Median Transaction Volume of BTC reached an all-time low. This decline became noticeable around March and has continued downward since then. As of this writing, the median transaction volume hovered around 3.5 BTC. Interestingly, this level marked the lowest point in the past five years.

The BTC Median Transfer Volume Metric is a statistical tool for analyzing transaction activity within the Bitcoin network. It specifically focuses on determining the median value of transfer volumes associated with Bitcoin transactions.

A higher median transfer volume

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Author: Suzuki Shillsalot

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