According to @Andre_Dragosch, transfer volume remains large at roughly $9.6 billion per day, with buys matching sells as sizable entities pick up volume. source: @Andre_Dragosch on X, Dec 18, 2025. He reports that 78% of this volume originates from transactions larger than $1 million, and that share reached a new all-time high four days ago. source: @Andre_Dragosch on X, Dec 18, 2025. He also notes the share of institutional buying as a percentage of Coinbase volume is at an all-time high, indicating institutions are returning in size. source: @Andre_Dragosch on X, Dec 18, 2025.