Bitcoin – $8.69B in BTC moved: Why is this whale action raising questions?

Key Points

1. Eight Bitcoin whale wallets from 2011, dormant for over a decade, transferred $8.69 billion worth of BTC in exact batches of 10,000 BTC each.

2. The transactions were executed with precision, suggesting deliberate action rather than typical exchange behavior.

3. There is speculation that the wallets may have been hacked or compromised, though no conclusive evidence supports this yet.

4. The movement of such a large sum could indicate institutional positioning ahead of a broader market revival.

5. Despite the whale activity, retail interest in Bitcoin remains muted, with minimal network demand from everyday users.