Dormant Whale Moves $112M in Bitcoin Amid Market Volatility

Whale Transfers BTC to FalconX and New Wallets
CME Gap Filled as BTC Dips Below $84K
What’s Next for Bitcoin?

A dormant Bitcoin whale wallet has suddenly reawakened after 1.5 years, transferring 1,350 BTC — a move worth over $112 million — sparking renewed interest and speculation across the crypto market.

Whale Transfers BTC to FalconX and New Wallets

As per data from SpotOnChain, the anonymous whale moved 300 BTC (approx. $25.1 million) to crypto brokerage FalconX. Additionally, 1,050 BTC (valued at $87.2 million) was transferred to two newly created wallets. Despite the significant outflows, the whale address still holds 150 BTC, valued at $12.55 million.

The whale’s last activity dates back to August 18, 2023, when it received 1,500 BTC from market maker Cumberland at a price of $26,353 per BTC, totaling $39.5 million at the time.

CME Gap Filled as BTC Dips Below $84K

Meanwhile, Bitcoin has declined by 0.44%, currently trading at $83,613. After hitting a 24-hour high of $84,693, BTC dipped to $82,061 before stabilizing around $83,000. This downward move has filled the CME price gap, a common market indicator that often signals potential price reversals or rallies.

What’s Next for Bitcoin?

The convergence of whale activity and the CME gap fill has intensified market speculation. Analysts are closely watching for potential volatility ahead, as traders anticipate whether Bitcoin’s price could rebound or continue its downward trajectory.

Disclaimer: The views and opinions expressed in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto assets comes with a risk of financial loss.

Bitcoin Dormant Whale

Dormant Whale Moves $112M in Bitcoin Amid Market Volatility

Sujit Kumar

Sujit received his Bachelors in Science from the LNMU Darbhanga. He is currently working as a Content Strategist. He has more than three years of professional experience in information systems, security policies, technologies, and Cryptocurrency. He has published 6 books in the area of information security and assurance. He has published more than 50 research articles in leading journals Regarding the Latest and Breaking Crypto News and updates. His research interests include access control, computer forensics, Digital Marketing, Web development, business hacks, player experience, and virtual storytelling.