Bitcoin Whale Transfers 850 BTC to Paxos, Signaling Shift in Long-Term Holder Strategies

An anonymous Bitcoin whale has deposited a significant sum of 850 BTC, worth approximately $77.9 million, with Paxos. This transaction follows a pattern observed in recent weeks and suggests a growing trend among long-term Bitcoin holders towards secure, regulated platforms. The deposits into Paxos signal a preference for compliant asset management strategies, potentially impacting market dynamics and attracting institutional players. 850 BTC is not a small amount when considering historical precedents – the whale holds over 32,000 BTC – and this move could significantly influence the liquidity landscape in Bitcoin.