Bitcoin’s on-chain flow is dominated by large value outputs

The 10–1,000 BTC bands consistently accounted for the bulk of Bitcoin's daily volume this month.

Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.

March saw some intriguing shifts in Bitcoin's on-chain activity, revealing the powerful influence of large-scale transactions. As Bitcoin continues to mature, big players dominate its daily volume. While smaller transactions stayed in the shadows, the real drama unfolded in mid and late March. A mystery peak in early-to-mid March saw an unexpected surge in the 1,000BTC to 10,000 BTC band, dwarfing typical transactions. Then, just as things seemed to stabilize, mid-March unveiled another twist: What massive moves shook up the Bitcoin network around March 15 to March 16, and who were the masterminds behind these colossal transfers? Discover the forces steering Bitcoin's tidal waves...