Bitcoin (BTC) is up more than 10% over the past week, extending gains and reaching levels not seen since the Terra crash in May 2022. This surge has been attributed to increased institutional activity, especially in the United States.
Average Bitcoin trade size rises on U.S. exchanges
Kaiko data on December 5 shows that since September 2023, the average transaction size of U.S. exchanges such as Coinbase, Bitstamp and Kraken has increased rapidly. If this data is any guide, it suggests that institutions are doubling down on Bitcoin with larger block trades.