Bitcoin Whale Moves $305 Million in Profit After 3-Year Dormancy

A significant Bitcoin transaction has sparked discussion within the market, as a major whale moved 3,500 BTC worth over $305 million to a newly created wallet. This transfer follows a long period of inactivity from the original source, which was withdrawn from exchange Gemini back in 2022 at an average price of around $29,620 per coin. While the move itself doesn’t directly impact prices, market analysts highlight the potential for short-term volatility as this transaction is significant in scale and sheds light on a potentially large-scale strategy within Bitcoin’s ecosystem.