Bitcoin's Average Transaction Value Drops Significantly in December

According to ChainCatcher, on-chain analyst Murphy (@Murphychen888) has observed a significant decrease in the average value of Bitcoin transactions. From December 14 to December 30, the average transaction value in USD fell from $46,610 to $24,897, marking a decline of nearly 47%. During this period, Bitcoin's price remained relatively stable, fluctuating between $87,000 and $88,000. Data indicates that Bitcoin's chip concentration remained unchanged at 14.4% from December 25 to December 30. Murphy suggests that this stability reflects a reduced enthusiasm for large-scale transactions, possibly due to U.S. investors being in holiday mode, which temporarily decreased market liquidity. The analyst predicts that once liquidity returns, two scenarios may unfold: either the chip concentration will continue to rise until it suddenly drops sharply at a critical point, or it will directly experience a significant decline.