Bitcoin Whale Moves $250M in BTC
On March 24, 2025, a Bitcoin whale, inactive since late 2016, moved over $250 million worth of Bitcoin.
Initially investing around $3 million, this holding has grown to nearly a quarter of a billion dollars. The transaction, recorded at 14:32 UTC, involved the transfer of 4,200 BTC from an address dormant for over eight years. At the time, Bitcoin was priced at $59,523.67.
This transaction sparked significant interest and speculation within the crypto community due to the whale’s long-term holding and the substantial amount moved in one go.
The market responded with a 2.5% increase in Bitcoin’s price within the first hour, reaching $61,011.84 by about 15:00 UTC. This surge was likely due to market reaction, as large transactions often hint at potential market shifts.
