According to Lookonchain, a Bitcoin whale that had remained inactive for 12 years transferred 1,079 BTC (worth $109 million) to a new wallet three days ago and, after Bitcoin breached the $100,000 mark, deposited the entire amount into Gemini just nine hours ago (source: Lookonchain, intel.arkm.com). This large-scale movement to an exchange often signals potential selling pressure, which traders should monitor closely as it may influence short-term price volatility in the crypto market.

According to Lookonchain, a Bitcoin whale that had remained inactive for 12 years transferred 1,079 BTC (worth $109 million) to a new wallet three days ago. Nine hours ago, after the price of Bitcoin broke above the $100,000 mark, the whale deposited the entire amount into Gemini exchange (source: Lookonchain on Twitter). Such a large-scale deposit by a long-term holder signals potential increased selling pressure in the near term, which could influence short-term BTC price volatility and trigger heightened trading activity on both centralized and decentralized crypto exchanges. Traders should closely monitor order books and exchange inflow data for signs of further significant movements.