The BTC transaction amount in dollars has grown sixfold

The average BTC transaction amount in dollars has grown since July this year from $ 25,000 to $ 151,000 as of October 20.

This indicates an increase in the activity of large investors.
According to analysts at Pi Capital Union, the average BTC transaction amount in dollars has grown 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 growth occurred shortly after the dominance of bitcoin in terms of capitalisation, it 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 speaks mainly about the activity of large investors — it grows when large amounts of BTC are transferred more often.

Bitcoin’s current average 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% amid 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 also did not change significantly and has been in the range from 650,000 to 970,000 for the last four months.

The latest data shows that institutional investors are on the rise. Large investment firms like 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 Square company bought 4,709 BTC for $ 50 million. However, most of the 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 in six months.