14-Year Dormant Whale Moves 9,999 BTC Worth $1.19B, Signals Major Bitcoin OTC Preparation

On July 17, a significant transaction was observed involving a long-dormant Bitcoin whale holding 80,000 BTC. According to on-chain analyst Ai Yi (@ai_9684xtpa), this investor moved 9,999 BTC to a new wallet within a three-hour window, representing approximately $1.19 billion in value. Such a substantial transfer suggests potential preparation for an over-the-counter (OTC) trade, a common practice for large-scale crypto transactions to minimize market impact. Following this movement, the original wallet now retains only 20,000 BTC, indicating a significant reduction in holdings. This activity highlights ongoing shifts in large Bitcoin holders’ strategies, which can influence market liquidity and price dynamics. Monitoring these whale transactions remains crucial for investors aiming to understand institutional behavior in the cryptocurrency ecosystem.

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Source: https://en.coinotag.com/breakingnews/14-year-dormant-whale-moves-9999-btc-worth-1-19b-signals-major-bitcoin-otc-preparation/