A dormant Bitcoin holder moved 357.40 BTC worth over 33 million USD, prompting market excitement. Originally purchased in 2014 at about 1,000 USD per Bitcoin, the recent value surged past 100,000 USD in December 2024, transforming the whale’s modest investment into substantial wealth.
This transaction has caused speculation as it’s unclear whether the Bitcoin was moved for sale or security. Although it represents a small part of the daily trading volume, it highlights the potential influence of long-term holders on market trends and volatility.