🚨$BTC That's a fascinating trend! The increase in Bitcoin transactions over $100K from 66% in November 2022 to 89% today indeed highlights a significant shift towards high-value participants in the market. This suggests that larger entities, possibly institutional investors, are becoming more dominant in on-chain activity.#Bitcoin❗

Here are a few insights related to this trend:#BTC☀️

Institutional Interest: The growing percentage indicates that institutions are likely taking a more active role in Bitcoin trading, which could lead to increased stability in the market.#BTC☀️

Market Dynamics: As high-value transactions dominate, it may reflect a shift away from retail trading, potentially impacting price volatility and market sentiment.#BTC☀️

Current Market Range: Bitcoin has been trading in a range between $100K and $110K, with support at $99K holding strong, indicating a cautious but steady market environment.#BTC☀️

Profit-Taking Behavior: The slowing of profit-taking and cooling activity metrics suggest that many participants are holding their positions rather than selling, which could indicate confidence in future price movements.$BTC

What do you think about the implications of this trend for the future of Bitcoin? $BTC