Recent studies indicate changes in Bitcoin's transaction activity, with an increase in small trades and a decline in large ones, affecting liquidity on exchanges.
Changes in Bitcoin's Transaction Activity
According to CryptoQuant, in August 2025, Bitcoin showed an increase in small transactions alongside a decrease in large-value trades. Specifically, an average of 439,534 transactions daily suggests a trend towards more frequent smaller operations.
Impact on Liquidity
The decline in large trades directly affects market liquidity. Experts point out the risks associated with such concentrated trading. "Bitcoin’s market structure is showing more frequent, smaller transactions, declining large trades, and risks to on-exchange liquidity," notes CryptoQuant.
Market Outlook and Institutional ETF
Along with changes in transaction activity, there is a reported rise in institutional ETF holdings, totaling $33.6 billion. These shifts could potentially lead to increased market volatility due to concentrated trading. Predictions indicate parallels with past market behavior, suggesting potential new regulatory measures and technological adaptations.
In summary, the current changes in Bitcoin transactions require close attention from analysts and market participants. Expected new developments may influence trade dynamics and liquidity risks.