While on-chain activity appears muted — with lower transaction counts, minimal fees, and subdued retail presence — this doesn’t signal weakness in the market. Instead, it reflects a paradigm shift in how Bitcoin is being used.

📊 Key Insights:

— Nearly 90% of Bitcoin volume now comes from transactions over $100,000.
— The average transfer size has climbed to $36,000+.
— This highlights Bitcoin’s evolving role as a high-value settlement layer for institutions, rather than a retail-dominated network.

Retail may be sidelined for now, but the foundation being laid by larger players hints at something bigger brewing beneath the surface. Patience here often precedes parabolic action.