As per the On-chain analysis though the volumes of institutions in bitcoin are huge it is just a beginning. On-chain analyst Willy Woo said in a tweet today that “whale spawning” season was nowhere, as a record number of big Bitcoin transactions showed. He said in the tweet that there are 47M millionaires in the world, 71% of them live in the US or EU while only 14.9M bitcoin are left and only 4.1m BTC are liquid.