Bitcoin: Number of Large Transactions increasingIntoTheBlock labels the large transactions those where an amount greater than $100,000 USD was transferred.
In this case, the Number of Large Transactions indicator aggregates the total number of transactions that had a value greater than $100,000.
The number of large transactions is a relevant metric tracking the count of transactions greater than $100,000.
Since this sum of money is not available to the average retail trader on-chain, the indicator acts as a proxy to the number of whales’ and institutional players’ transactions.
More info: resources.intotheblock.com
An increase in the quantity of these large transactions is accompanied by an increase in price.
This indicator follows a symmetrical triangle, tending to break up.
Perhaps there is one last bear trap to finally reverse into an uptrend.
