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Bitcoin News Today: Bitcoin Whale Moves $30M—Is It for Safe Keeping or a Bearish Market Prediction?

Bitcoin News Today: Bitcoin Whale Moves $30M—Is It for Safe Keeping or a Bearish Market Prediction?

Bitget-RWA2025/11/04 05:16
By:Bitget-RWA

- A Bitcoin whale moved 800.19 BTC ($30M) from a CEX after 365 days of dormancy, sparking speculation about strategic shifts amid market volatility. - Analysts debate whether the withdrawal signals long-term storage ahead of regulatory changes or a short-term trade aligned with broader on-chain trends. - The transaction, flagged as one of the largest recent CEX withdrawals, reflects growing institutional preference for non-custodial solutions amid exchange instability concerns. - Whale activity near critic

A prominent

whale has recently shifted a substantial amount of assets after remaining inactive for a year, withdrawing 800.19 BTC from a centralized exchange (CEX) in a move that has caught the eye of on-chain observers, as reported by a . This withdrawal, which followed 365 days of wallet dormancy, may indicate a change in the whale’s approach amid persistent market turbulence.

Bitcoin News Today: Bitcoin Whale Moves $30M—Is It for Safe Keeping or a Bearish Market Prediction? image 0

The transfer of more than 800 BTC—worth nearly $30 million at present rates—has led to speculation about the whale’s motives. Some market watchers suggest this could reflect a long-term holding plan, with the whale possibly moving funds to a non-custodial wallet in anticipation of upcoming

or possible market downturns. Others think the move might be for short-term trading, though the timing seems to fit broader rather than immediate trading strategies.

On-chain analytics services have identified this as one of the largest single CEX withdrawals in recent months, underscoring ongoing patterns in

. Previously, the wallet had been linked to a series of smaller, calculated trades, according to , but this large-scale withdrawal marks a notable shift from its past behavior. The action has also prompted questions about the whale’s trust in CEX stability, especially after recent industry scrutiny and failures discussed in .

Although the exact destination of the withdrawn BTC is still unknown, the transaction’s setup hints at a transfer to either a hardware wallet or a multi-signature address, which is in line with recent

. This mirrors a growing tendency among institutional players and wealthy individuals to limit their reliance on exchange-based storage, reflecting a wider of self-custody solutions.

This withdrawal comes as Bitcoin trades near crucial support zones, with traders monitoring for indications of a potential market bottom and other important

. Experts point out that such significant whale transactions can sway market sentiment, a phenomenon explored in and more broadly in , either lending stability through perceived long-term commitment or increasing volatility if seen as a sign to sell.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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