Institutions Take Over Bitcoin: On-Chain Activity Tells the Story

Krutika Adani

The Institutional Era Begins

Glassnode reports a shift: 89% of on-chain BTC volume now comes from transactions over $100,000, marking clear institutional dominance.

Retail Fades, Big Money Stays

Even with fewer transactions, 2025 sees daily BTC transfer volumes holding steady at ~$7.5B—pointing to larger, higher-value activity.

Exchanges Handle Up to 16x More Volume

Centralized exchanges are outpacing on-chain platforms dramatically, dominating spot, futures, and options markets by a wide margin.

Derivatives Boom with Safer Collateral

Futures and options markets are heating up, but now with healthier collateral—stablecoins dominate, signaling more secure leverage.

What This Means for Bitcoin

Despite BTC nearing its ATH, block space remains underused and fees stay low. The market’s evolving, and institutions are driving it.

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