A record surge of 270,000 Bitcoin transactions has raised eyebrows about the strategies of early cryptocurrency investors. The increase coincides with a period of significant market volatility as Bitcoin’s price surges to levels exceeding $110,000-$120,000. Analysts believe these movements are linked to institutional interest in Bitcoin and the adoption of BTC as collateral. These large transfers have been traced back to early Bitcoin miners’ wallets, prompting speculation about their intentions and potential impact on the crypto market. 270,000 Bitcoins moved on-chain this year point towards a strategic move by those who initially acquired Bitcoin years ago, a phenomenon which has historically impacted markets with volatility and shifts.