A dormant Bitcoin whale, holding BTC since late 2016, has transferred 3,000 BTC worth $250 million after 8 years.
The whale's Bitcoin stack grew from $3 million in early 2017 to over $250 million today.
This transfer has sparked debates on the direction of the asset in the coming weeks, particularly following a 4.7% weekly uptick in Bitcoin's price.
Recent activities, including BlackRock's accumulation of over $100 million worth of Bitcoin, and Michael Saylor's Strategy buying 6,911 coins, have heightened bullish confidence in the market.