In March, Bitcoin had five major transactions, showing that coins are still moving in the market. Bitcoin's top five transactions all took place in March and the largest transaction was in the amount of 40,141 BTC. At the time, the value of Bitcoin rose to a remarkable $28,000. The chart demonstrated that coins shifted from exchangers in the period between March 13 and March 21. Furthermore, there is an increment in the number of active whales, sharks and exchange whales from November and December according to Santiment.

Despite the positive figures, the 10-10K BTC market transactions are on the decline and are likely to reach an all-time low considering it has already tapered off. It appears that there is still an air of caution connected to the cryptocurrency market before it jumps up to $35,000 and beyond.

Based on the data provided, it is evident that the growth of Bitcoin is steady and reaching its current value of $30K looks likely. The market is still heading in a positive direction, with the number of active participants increasing, however, the data suggests there is still a level of hesitance when it comes to investing. This is perhaps due to the unpredictability of the market, but that does not mean that there cannot be increases in the value of Bitcoin in the coming months.



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