Bitcoin: Number of Large Transactions increasing
IntoTheBlock labels the large transactions those where an amount greater than $100,000 USD was transferred.
In this case, the Number of Large Transactions indicator aggregates the total number of transactions that had a value greater than $100,000.
The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000.
Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy to the number of whales’ and institutional players’ transactions.
More info: resources.intotheblock.com/indicators/financial/large-transactions/number-of-large-transactions
An increase in the quantity of these large transactions is accompanied by an increase in price.
This indicator follows a symmetrical triangle, tending to break up.
Perhaps there is one last bear trap to finally reverse into an uptrend.
In this case, the Number of Large Transactions indicator aggregates the total number of transactions that had a value greater than $100,000.
The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000.
Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy to the number of whales’ and institutional players’ transactions.
More info: resources.intotheblock.com/indicators/financial/large-transactions/number-of-large-transactions
An increase in the quantity of these large transactions is accompanied by an increase in price.
This indicator follows a symmetrical triangle, tending to break up.
Perhaps there is one last bear trap to finally reverse into an uptrend.
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