A Bitcoin whale holding dormant assets dating back to 2010 has transferred 180 BTC ($21.25 million) to a market maker-associated address. This transaction suggests potential strategic liquidation or portfolio rebalancing by one of Bitcoin’s earliest investors who originally accumulated 3,963 BTC.
The movement marks the whale’s second major action following an earlier transfer of 330 BTC, indicating sustained activity from this long-term holder. Market makers frequently absorb such institutional-scale transactions via over-the-counter desks to mitigate market impact and ensure liquidity provision without disrupting spot prices.
While whale transactions often serve as sentiment indicators given their potential to influence market dynamics, analysts caution against reactionary trading. The move may reflect individualized portfolio management rather than broader market signaling.
Investment advisors recommend maintaining focus on Bitcoin’s long-term fundamentals despite whale activity, emphasizing disciplined strategy amid market volatility. The transaction underscores ongoing participation from Bitcoin’s earliest adopters during price discovery phases.