A major transaction occurred on December 9, 2024, with 8,455 Bitcoin leaving Coinbase in a single block. The value of this transaction was around $829 million. There are two possible culprits:

- A company like BlackRock that may have met the demand for a spot ETF.

- Institutional buying by an entity like MicroStrategy, with speculation that companies like Amazon and Microsoft may have been involved.

This phenomenon shows that institutional interest in Bitcoin continues to grow, despite market price fluctuations. They are accumulating fearlessly—how about you?