Krutika Adani
Glassnode reports a shift: 89% of on-chain BTC volume now comes from transactions over $100,000, marking clear institutional dominance.
Even with fewer transactions, 2025 sees daily BTC transfer volumes holding steady at ~$7.5B—pointing to larger, higher-value activity.
Centralized exchanges are outpacing on-chain platforms dramatically, dominating spot, futures, and options markets by a wide margin.
Futures and options markets are heating up, but now with healthier collateral—stablecoins dominate, signaling more secure leverage.
Despite BTC nearing its ATH, block space remains underused and fees stay low. The market’s evolving, and institutions are driving it.