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Bitcoin News Update: Institutional Trust Rises as Major Bitcoin Holder Moves $78 Million to Regulated Custody

Bitcoin News Update: Institutional Trust Rises as Major Bitcoin Holder Moves $78 Million to Regulated Custody

Bitget-RWA2025/11/21 01:22
By:Bitget-RWA

- A Bitcoin whale transferred $77.9M (850 BTC) to regulated custodian Paxos, following a $211M deposit two weeks prior. - The move signals growing institutional confidence in compliance-driven platforms amid Bitcoin's 30% drop from its $126K peak. - Market observers note the trend reflects prioritization of transparency, despite heavy liquidations and macroeconomic headwinds. - Technical indicators suggest potential stabilization, with extreme fear levels and short-squeeze risks if $106,500 resistance is r

A significant

whale recently transferred 850 BTC—worth about $77.9 million—to Paxos, a regulated digital asset provider, . This transaction comes after a previous movement of 2,300 BTC (valued at $211 million) to the same platform two weeks earlier, suggesting that long-term Bitcoin holders may be moving toward institutional-level asset management. The action has fueled discussions about its wider impact on the market, , dropping below $90,000 for the first time in half a year.

The BTC involved comes from wallets once linked to Craig Wright,

these coins. Although the whale's identity is still a mystery, market experts believe this move shows increasing trust in regulated services like Paxos among institutional players. "This highlights a growing preference among major holders for transparency and regulatory compliance," noted a market analyst in a KuCoin study. These deposits into mainstream finance, as more institutional investors look for custody options that adhere to regulatory requirements.

Bitcoin News Update: Institutional Trust Rises as Major Bitcoin Holder Moves $78 Million to Regulated Custody image 0

Bitcoin’s price has seen considerable swings lately,

from its record high of $126,000. Large-scale liquidations, , have intensified the downward trend. Still, technical analysis suggests the market may be stabilizing. , a level that has often preceded market bottoms in the past, while blockchain data indicates that short-term holder losses are slowing and capitulation signals are emerging. in short positions, which could set the stage for a short squeeze if Bitcoin climbs back above key resistance levels such as $106,500.

Wider economic issues have added to the selloff,

and ongoing uncertainty about Federal Reserve decisions, both of which have led to a more cautious approach in global markets. At the same time, as a decentralized store of value, similar to how Microsoft’s pricing is influenced by demand in a centralized market.

Institutional involvement is a double-edged sword. While large investors and whales have contributed to recent selling, their ongoing participation could also help drive a recovery. The recent surge of funds into Bitcoin ETFs and

illustrates this complexity. Furthermore, Tether’s targeted investment in the Latin American company Parfin to boost institutional adoption demonstrates expanding support for digital assets in developing regions.

As the market processes these changes, traders are monitoring for signs of a turnaround.

, a further drop could occur. On the other hand, a sustained rise above $106,500 could revive bullish sentiment. For now, the balance between institutional interest, regulatory developments, and global economic trends is likely to shape Bitcoin’s direction in the near future.

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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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