A significant Bitcoin transfer by a long-dormant wallet has triggered speculation about potential sell pressure in the market. The whale deposited 850 BTC (approximately $77.9 million) to Paxos on November 20, 2025, marking a large movement from an ancient Bitcoin address that hasn’t been active for six years. This transfer comes amidst heightened volatility in the crypto space, with market analysts attributing it to the growing influence of DeFi applications and institutional investments. The activity has brought attention to Paxos, a regulated institution often used for holding crypto assets, leading experts to speculate about potential liquidation or strategic asset management.