Big Money Heats Up Participation in BTC We tracked on-chain transactions over $10 million to measure the share of large capital in total settlement volume. Historically, this ratio averages around 35%. However, during periods of high volatility, the share of big money surges significantly. For example, when BTC first broke $70K in March 2024, the ratio spiked to 48.9%. In August of the same year, when BTC corrected to $60K, it climbed again to 46.8%. On August 5th, 2025, this ratio dropped to 38%. But as BTC continued its pullback, the metric quickly soared to 54% by August 31st—marking a new recent high and far surpassing previous peaks during price dips (Aug ’24 and Mar ’25). When big money dominates at price highs, it’s often a sign of profit-taking. But this time, the sharp increase during a price drop is much more intriguing. Combined with recent data showing “whale wallets holding 100–1,000 BTC” accumulating aggressively, I personally lean toward the view that large players are buying the dip and stacking sats. Of course, the market is always a game between buyers and sellers. But one thing’s for sure: heavy capital inflows add much-needed liquidity, helping the market mature and move in a healthier direction. 👇 👇 ‼️ This thread is for educational purposes only and does NOT constitute investment advice. ‼️ ------------------------------------------------- Sponsored by #Bitget ｜ @Bitget_zh