The rising median value of BTC transactions, according to a Glassnode analysts study, supports the presence of institutional investors.
According to Glassnode’s most recent report, the median transaction size of BTC transactions has been climbing since mid-September, and the median is now 1.3 BTC.
The last time BTC transactions reached such high levels was in March 2020, when the maximum value of 1.7 BTC per TX was recorded.
The rising size of deals, according to analysts, is a positive indicator. This suggests that the number of institutional investors and significant dealers in the market is steadily growing.
The most substantial increase was reported in the first week of October for the second indicator indicated above, namely the active entities in the network or the number of participants in the chain.
The number of active entities currently stands at 291K, increasing 19% in just one week. The last time we were at a similar point was at the end of 2020 when the bull market was just getting started.