The average BTC transaction amount in dollars has increased since July of this year from $25,000 to $151,000 as of October 20. This indicates an increase in the activity of large investors.
According to BitInfoCharts, the average BTC transaction amount in dollars has increased sixfold over the past three months. At the beginning of the week, this figure rose sharply by almost $50,000 – before the weekend, the average transaction amount in bitcoins was equivalent to $105,000. The rise came shortly after bitcoin’s dominance by capitalization rose to its highest levels since 2017.
The average transaction amount is defined as the dollar value of all BTC transferred per day, divided by the number of transactions. This parameter mainly indicates the activity of large investors — it grows when large amounts of BTC are transferred more often.
The current average bitcoin transaction size is 190 times that of Ethereum, which is $793. At the same time, the number of daily transactions on the Ethereum network increased by 30% against the background of the DeFi boom in August, reaching a two-year high of 1.29 million on August 10.
During the same period, the daily volume of bitcoin transactions ranged from 300,000 to 350,000. The number of active
bitcoin addresses has also not changed significantly and has been in the range of 650,000 to 970,000 over the past four months.
Recent data indicate an increase in the activity of institutional investors. Major investment firms, such as Grayscale and Microstrategy, have increased their investments in BTC and other cryptocurrencies over the past few months. In addition, at the beginning of the month, Jack Dorsey’s company Square bought
4709 BTC for $50 million. However, most large transactions in cryptocurrencies remain anonymous.
Recently, the number of addresses that store more than 100 BTC has grown
to 16,159. This figure reached a maximum of six months.