BITCOIN SPENT VOLUME BY WALLET SIZE
Which wallet sizes are moving their coins?
How much Bitcoin each group moved over the past day, next to how much it holds.
1,000 to 10,000 BTC: Bitcoin moved per day
The selected group stays bright, with two nearby groups for context. Each reading counts the Bitcoin a group moved in the 24 hours before it. The scale squeezes the biggest days so smaller ones stay visible. This scale cannot show zero, so the 10,000+ BTC line skips the 138 days that group moved nothing, the last on 11 Jul 2020, and drops below the bottom of the chart on its 5 days under 10 BTC.
+4 more in the tabs above
Inspect and compare dates
Pick two to four dates to see how each group’s daily movement changed.
| Wallet size | Change | Relative change | ||
|---|---|---|---|---|
| 10,000+ BTC | 112,999 | 120,392 | +7,393 | +6.5% |
| 1,000 to 10,000 BTC | 404,963 | 359,470 | −45,493 | −11.2% |
| 100 to 1,000 BTC | 185,671 | 358,369 | +172,698 | +93.0% |
| 10 to 100 BTC | 50,125 | 71,218 | +21,093 | +42.1% |
| 1 to 10 BTC | 18,250 | 30,770 | +12,520 | +68.6% |
| 0.1 to 1 BTC | 8,225 | 10,785 | +2,560 | +31.1% |
| 0.01 to 0.1 BTC | 2,039 | 2,710 | +671 | +32.9% |
Right now
The 1,000 to 10,000 BTC group moved the largest share, and far more than its size.
It moved 359,470 BTC over the past day, 37.7% of everything these seven groups moved, while holding 20.8% of their coins. That makes it 1.8× busier than an even share. The 100 to 1,000 BTC group also moved a bigger share than it holds. The other five moved a smaller share than they hold.
Weight vs movesshare of the seven groups
| Size of holding | Moved, past day | Share of coins moved | Share of coins held | Moves vs weight |
|---|---|---|---|---|
| 10,000+ BTC | 120,392 | 0.8× | ||
| 1,000 to 10,000 BTC | 359,470 | 1.8× | ||
| 100 to 1,000 BTC | 358,369 | 1.4× | ||
| 10 to 100 BTC | 71,218 | 0.4× | ||
| 1 to 10 BTC | 30,770 | 0.3× | ||
| 0.1 to 1 BTC | 10,785 | 0.2× | ||
| 0.01 to 0.1 BTC | 2,710 | 0.2× |
Both shares are measured over the same seven groups, so each column adds up to 100% and the two bars compare like with like. The last column divides one by the other: above 1.0 a group moves more than its weight, below 1.0 less.
What changed
vs 30-day averageThe 100 to 1,000 BTC group moved 61% more than its 30-day average, 358,369 BTC against 223,051 BTC. The other groups ranged from 26% below to 29% above their 30-day averages.
vs past 4 yearsThe 1,000 to 10,000 BTC group’s past day was busier than 86% of its days in the past four years. Its biggest day in that window was 2,767,790 BTC on 6 Nov 2022.
quiet endThe 10 to 100 BTC group had the quietest day against its own past: quieter than 80% of its days in the past four years.
Keep in mind
01Moving is not selling. These figures count every coin that changed addresses, including coins someone shuffled between their own wallets and the change that comes back from a normal payment. A group is credited by the size it was at the moment its coins moved.
02Past day, not calendar day. Each reading is a rolling total of the 24 hours before it, not a count that starts again at midnight.
03An address is not a person. One holder can spread coins across many addresses, and an exchange can keep millions of customers’ coins in a few. Read every group as a set of addresses, never a headcount.
For you
Quiet big groups are the market’s normal state: most large holdings sit still for months. The signal is change. When a big group’s line jumps well above its usual range, coins that normally sit still are on the move. So a jump tells you holders are acting, not which way the price will go.
The table is the quickest read. A group moving a much bigger share of the coins than it holds is busy for its size, whatever the price is doing. Right now that is the 1,000 to 10,000 BTC group, at 1.8 times its share.
Understanding
Bitcoin Spent Volume by Wallet Size
Over the past day, the seven wallet-size groups moved 953,713 BTC in total, and the 1,000 to 10,000 BTC group moved the most, 359,470 BTC as of .
What does the chart count?
Every coin that changes addresses is credited to the size of the holding it came from at that moment. Add those up for each size group and you get the Bitcoin each group moved over the past day. The chart shows that figure for every day since 2012, three groups at a time: the one you pick and the two nearest it in size.
What is spent volume?
Spent volume is the technical name for this figure: the total of the coins a group’s addresses sent. It is a gross figure, so it includes coins an owner moved between their own addresses and the change that comes back from a normal payment. One coin can also move several times in a day and is counted each time, which is how a single busy day can add up to more Bitcoin than exists.
Why does the table matter more than the totals?
Big groups move big numbers because they hold big numbers. The useful question is whether a group moves more or less than its weight. Dividing its share of the day’s moves by its share of the coins held answers it in one number: above 1.0 the group is busier than its size would suggest, below 1.0 it is quieter.
Why is moving not selling?
A move is any transfer, including coins sent between an owner’s own wallets and the change that comes back from an ordinary payment. Selling is one kind of move among many. A companion page looks at the same moves and asks whether each group locked in a profit or a loss, which gets closer to the selling question. Open Profit Taken by Size.
How should you use it, and how not?
Read each line against its own usual range, not against the other lines. A group whose line jumps far above its usual level has coins on the move that normally sit still. That says holders are acting, not which way the price will go. A quiet reading is not a signal in itself: most large holdings sit still for months at a time.
The numbers
behind the chart
What does the current reading show?
The seven wallet-size groups moved 953,713.2 BTC in the 24 hours to . Wallets holding 1,000 to 10,000 BTC had the largest reading: 359,469.5 BTC, or 37.7% of the total. The total was 21.9% higher than 782,272.0 BTC on , the reading used for the 30-day comparison.
The highest combined reading in this history was 67,349,851.1 BTC on . The lowest was 251,464.7 BTC on .
The record holds 5,385 daily readings, from through the latest.
Moving is not the same as selling. These readings do not show whether a transfer changed its owner, and one coin that moves several times in a day is counted each time.
Totals add up the seven groups shown here, and every value keeps the one decimal place it is recorded with. A day a group moved nothing reads 0.0 BTC.
What are the latest, highest and lowest readings? 7 wallet-size groups
Each value is the Bitcoin moved in a rolling 24-hour window. Current readings are dated ; highs and lows cover through . Equal records show their first date.
| Wallet balance group | Current | Highest reading and date | Lowest reading and date |
|---|---|---|---|
| 10,000+ BTC | 120,391.9 BTC | 29,184,956.1 BTC | 0.0 BTC (first of 138 equal readings) |
| 1,000 to 10,000 BTC | 359,469.5 BTC | 65,675,691.7 BTC | 17,164.5 BTC |
| 100 to 1,000 BTC | 358,368.7 BTC | 17,912,069.8 BTC | 57,535.9 BTC |
| 10 to 100 BTC | 71,217.7 BTC | 1,172,237.7 BTC | 31,437.2 BTC |
| 1 to 10 BTC | 30,770.2 BTC | 335,132.4 BTC | 6,130.1 BTC |
| 0.1 to 1 BTC | 10,784.9 BTC | 119,034.2 BTC | 409.7 BTC |
| 0.01 to 0.1 BTC | 2,710.3 BTC | 11,785.9 BTC | 26.6 BTC |
| Total of the 7 shown groups | 953,713.2 BTC | 67,349,851.1 BTC | 251,464.7 BTC |
How do the readings compare with earlier dates? 1, 3, 6, 12 and 24 months
Targets are calendar months before . Each row uses the last daily reading on or before its target, and shows that date. These are single daily readings, not averages or monthly totals.
| Reference | Target date | Reading date | 10,000+ BTC | 1,000 to 10,000 BTC | 100 to 1,000 BTC | 10 to 100 BTC | 1 to 10 BTC | 0.1 to 1 BTC | 0.01 to 0.1 BTC | Shown total |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 month before | 168,058.8 | 540,325.0 | 263,756.7 | 77,285.4 | 25,483.5 | 10,000.2 | 2,565.3 | 1,087,474.9 | ||
| 3 months before | 40,594.3 | 255,383.1 | 164,469.5 | 47,478.2 | 18,203.0 | 8,163.0 | 2,080.9 | 536,372.0 | ||
| 6 months before | 76,077.9 | 144,399.4 | 197,894.1 | 46,726.5 | 17,431.7 | 7,261.4 | 2,100.7 | 491,891.7 | ||
| 12 months before | 129,284.7 | 66,107.6 | 149,012.8 | 85,124.5 | 16,241.3 | 6,651.0 | 1,711.7 | 454,133.6 | ||
| 24 months before | 174,009.5 | 40,654.6 | 164,341.7 | 47,918.2 | 24,442.7 | 8,008.7 | 2,103.6 | 461,479.0 |
How much Bitcoin moved at each month’s end? Monthly reference table
Each row is the last daily reading in a completed month, oldest first. It is a rolling 24-hour reading, not the amount moved during that whole month. The month in progress is left out.
| Month | Reading date | 10,000+ BTC | 1,000 to 10,000 BTC | 100 to 1,000 BTC | 10 to 100 BTC | 1 to 10 BTC | 0.1 to 1 BTC | 0.01 to 0.1 BTC | Shown total |
|---|---|---|---|---|---|---|---|---|---|
| 413,954.2 | 146,990.4 | 282,259.9 | 95,765.8 | 33,038.9 | 10,466.0 | 2,649.3 | 985,124.5 | ||
| 182,899.1 | 204,395.5 | 319,028.3 | 82,931.1 | 35,370.7 | 12,812.8 | 3,166.2 | 840,603.7 | ||
| 80,623.4 | 101,869.6 | 196,731.2 | 51,129.9 | 27,252.0 | 10,685.3 | 2,576.4 | 470,867.8 | ||
| 237,722.1 | 178,274.9 | 292,608.9 | 75,642.8 | 30,342.1 | 10,074.8 | 2,487.2 | 827,152.8 | ||
| 96,627.4 | 242,523.1 | 247,876.4 | 72,249.4 | 31,356.4 | 10,264.5 | 2,421.7 | 703,318.9 | ||
| 147,840.3 | 252,337.0 | 359,131.8 | 135,160.6 | 46,393.8 | 14,490.5 | 3,225.9 | 958,579.9 | ||
| 152,913.7 | 200,241.0 | 219,580.9 | 98,397.5 | 33,970.4 | 10,276.4 | 2,696.0 | 718,075.9 | ||
| 109,238.7 | 195,346.1 | 217,644.7 | 93,516.1 | 30,454.1 | 10,776.9 | 2,827.8 | 659,804.4 | ||
| 85,499.4 | 90,043.2 | 134,844.4 | 74,383.3 | 22,927.0 | 9,123.5 | 2,012.3 | 418,833.1 | ||
| 114,830.6 | 197,660.2 | 186,967.0 | 86,130.2 | 29,928.1 | 10,488.8 | 2,523.2 | 628,528.1 | ||
| 95,081.0 | 139,369.6 | 208,174.5 | 95,818.7 | 26,364.1 | 9,915.5 | 2,508.4 | 577,231.8 | ||
| 165,115.9 | 139,030.4 | 107,433.6 | 65,296.6 | 17,047.4 | 6,919.6 | 1,682.8 | 502,526.3 | ||
| 174,357.7 | 179,656.2 | 253,300.2 | 125,256.1 | 28,256.9 | 10,605.9 | 2,510.4 | 773,943.4 | ||
| 149,141.7 | 265,858.2 | 276,734.5 | 99,595.0 | 32,969.2 | 9,992.9 | 2,520.8 | 836,812.3 | ||
| 196,016.8 | 115,982.4 | 180,074.5 | 82,730.8 | 24,782.2 | 8,030.8 | 2,005.6 | 609,623.1 | ||
| 177,531.1 | 312,446.7 | 293,087.2 | 152,362.3 | 26,215.5 | 9,511.0 | 2,454.9 | 973,608.7 | ||
| 149,248.3 | 306,356.1 | 275,278.8 | 139,715.6 | 29,906.9 | 11,383.2 | 2,480.4 | 914,369.3 | ||
| 93,404.4 | 123,912.5 | 171,327.8 | 143,914.3 | 22,669.5 | 9,909.0 | 2,417.0 | 567,554.5 | ||
| 149,685.8 | 250,051.7 | 254,748.1 | 72,470.7 | 25,337.1 | 9,959.6 | 2,589.5 | 764,842.5 | ||
| 154,282.6 | 386,953.3 | 203,374.6 | 59,290.9 | 21,287.2 | 9,923.1 | 2,417.9 | 837,529.6 | ||
| 134,135.4 | 230,957.0 | 154,851.5 | 41,241.0 | 16,251.1 | 7,653.1 | 1,896.0 | 586,985.1 | ||
| 166,181.8 | 522,145.9 | 314,894.6 | 90,830.0 | 28,229.1 | 12,288.7 | 3,255.5 | 1,137,825.6 | ||
| 116,551.6 | 539,574.7 | 212,256.2 | 112,146.4 | 63,018.7 | 26,238.7 | 6,112.0 | 1,075,898.3 | ||
| 107,275.7 | 561,455.6 | 265,646.9 | 78,846.7 | 28,024.1 | 10,432.6 | 2,584.4 | 1,054,266.0 |
Source: Maketo’s Bitcoin-movement record. Reading for .