A significant Bitcoin whale recently moved 3,000 BTC valued at over $349 million after maintaining the holdings untouched for ten years. The transaction coincided with Bitcoin’s price decline, which saw values retreat from nearly $123,000 to approximately $117,435.
Such high-value dormant transfers often capture market attention as potential signals of emerging selling pressure or shifting investor sentiment. Bitcoin whales—entities holding 1,000 BTC or more, equivalent to roughly $116.2 million—exercise considerable influence due to the liquidity impact of their positions.
The movement highlights how whale activity serves as a critical indicator for investors tracking market trends, as transactions involving long-idle coins provide unique insights into high-stakes holder behavior during price fluctuations.