Dormant Bitcoin Whale Move 3,000 BTC After Five-Year Hiatus
On August 16, one dormant Bitcoin whale waka reactivated afta five years wey e no do anything and transfer 3,000 BTC (about $353 million) go new wallet. The Bitcoin whale own like almost 24,000 BTC now (around $2.82 billion). E important to sabi say the coins dem no waka enter exchange but dem move am off-chain go new address, so e no affect di market direkt. Still, big BTC moves by whales dey usually affect how market feel. Traders and analysts dey warn to say if more on-chain moves put money for trading platforms, Bitcoin volatility fit increase. Market people dey watch all these whale moves keenly to find sign for future price changes.
Neutral
For short term, dis big BTC transfer go new wallet instead of exchange mean say e no go too affect price well well, because e no dey put immediate sell pressure. For history, wen big whales move, e fit mean say dem dey arrange their position, but as dem never send di coins go trading platform, market liquidity and price go remain steady. For long term, e good make we dey observe on-chain well well, because if more whales send coin go exchange, e fit cause more sell and make Bitcoin price dey waka up and down. Traders need dey watch on-chain data and whale address to fit know if market feeling go change.