A long-dormant Bitcoin holder has transferred over 80,000 BTC—valued at approximately $9.6 billion—across two transactions to major exchanges including Binance, Coinbase, and OKX. These movements initially sparked concerns about potential selling pressure driving a market downturn.
Market analysts estimate only around 12,000 BTC ($1.38 billion) remains poised for potential liquidation, likely processed through over-the-counter deals and secondary markets. Current liquidity levels appear sufficient to absorb this volume without triggering significant price volatility or major market disruption.
The GENIUS Act’s stringent auditing requirements may be influencing whale behavior, potentially accelerating Bitcoin adoption and price appreciation by driving institutional participation. Institutional investments, particularly through U.S. Bitcoin exchange-traded funds, are increasingly stabilizing the market by reducing retail-driven volatility.
Experts indicate that institutional cycles and regulatory developments now predominantly shape Bitcoin’s price dynamics. This evolving landscape may pave the way for more stable price movements and the possibility of new all-time highs, despite momentary correction fears following large transfers.