Bitcoin’s Rise: The Tale of Greedy Giants and Confused Mortals! 😂💰

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Ah, dear reader! Gather ’round as we embark on a most curious tale of Bitcoin, that elusive creature of the digital realm. On the 19th of June, the wise sages at Glassnode proclaimed a most peculiar phenomenon: while the bustling streets of Bitcoin transactions have grown eerily quiet, the grand halls of settlement volume have swelled with the weight of large entities! It seems the giants have awakened, leaving the mere mortals in a state of bewilderment. 🏰

Indeed, a “clear divergence” has emerged, much like the gap between a peasant’s purse and a nobleman’s treasury. The market valuation, it appears, is dancing a merry jig while network activity languishes in a corner, sipping tea and pondering its existence. 🍵

Once, the daily Bitcoin transactions soared to dizzying heights of over 730,000, but alas! In the year of our Lord 2025, they have plummeted to a mere 320,000 to 500,000. This decline, dear friends, is largely due to the vanishing act of non-monetary transactions—those whimsical Inscriptions and Runes that have taken their leave. 🎩✨

“Despite #Bitcoin’s elevated price, a clear divergence has emerged between market valuation and network activity. In this report, we explore activity across both on and off-chain markets, and examine how network metrics have changed this cycle.”

— glassnode (@glassnode) June 19, 2025

Transaction Size Matters (Or So They Say)

Our astute analysts have unearthed a most intriguing finding: the size of transactions has grown to a staggering average of $36,000! It seems the larger entities are feasting at the banquet of Bitcoin, while the little folk are left nibbling on crumbs. 🍞

Transactions exceeding $100,000 now account for a whopping 89% of network volume, a leap from a mere 66% in 2022. One might wonder if the little wallets have been left behind in this grand feast! 🍽️

“This trend implies that larger entities continue to utilize the Bitcoin network, with the throughput per transaction rising even as overall activity by count declines.”

And what of the transaction fees, you ask? They have dropped like a lead balloon, creating a historical divergence that would make even the most seasoned economist chuckle. Typically, during bull markets, fees spike like a startled cat, but now they remain subdued, as if they too are pondering the meaning of life. 🐱

This curious combination of low transaction count and heightened volume throughput suggests that the giants are indeed becoming the lords of the on-chain realm, as Glassnode wisely concludes:

“This shift highlights the maturation of the derivative complex around digital assets, and a move toward more stable risk management practices.”

Retail Losing Confidence (Oh, the Drama!)

Meanwhile, the seers at Santiment have observed a most alarming trend: the “elite” wallets are accumulating while the “mortal” wallets are losing their confidence faster than a cat in a room full of rocking chairs. 🐾

“When large wallets accumulate as retail loses confidence, this is historically the right combination for bullish momentum to inevitably return to crypto markets,” analysts noted.

Traders, it seems, are exhibiting signs of impatience and bearish sentiment, as if they were waiting for a bus that never arrives. Markets, as history has shown, often move in the opposite direction of retail’s expectations—oh, the irony! 🚍

And lo! The Bitcoin Fear and Greed Index, that fickle barometer of market sentiment, has returned to a state of neutrality, as the asset continues to trade sideways like a confused crab. 🦀

Bitcoin Fear and Greed Index is 54 – Neutral
Current price: $104,276

— Bitcoin Fear and Greed Index (@BitcoinFear) June 20, 2025

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2025-06-20 09:14