The whale 'wakes up' and moves 530 million USD in BTC after 3 years

A whale has made a large transfer move after three years of inactivity, moving 530 million USD in Bitcoin. According to information from Arkham, this large investor sent this amount to two new addresses; of which, one address is holding 420 million USD and the other address has exactly 1000 BTC worth approximately 107 million USD.

This event marks a renewed interest from large investors amid a correction in the cryptocurrency market. However, others in the whale community are also quietly increasing their accumulation of assets like Dogecoin, Cardano, and XRP recently.

The actions of this whale may reflect a positive signal for the market as confidence in the long-term potential of Bitcoin remains strong, despite short-term volatility.