According to EmberCN on Twitter, a long-dormant Bitcoin whale or institution recently transferred 1,079 BTC (worth $109.04 million) to Gemini after holding the coins for 12 years. The whale originally withdrew 3,422 BTC from the BTC-e exchange at $13.5 per coin and held them until Bitcoin surpassed $100,000. This substantial transfer to an exchange indicates realized profits and could increase short-term market liquidity, potentially leading to heightened volatility and price swings for BTC, as reported by EmberCN (source: twitter.com/EmberCN/status/1920640269697102020). Traders should monitor Gemini and on-chain activity for further whale movements that may affect Bitcoin’s price action.

According to The Data Nerd, a wallet associated with Abraxas Capital Management deposited 1,000 BTC, valued at approximately $98.92 million, into Kraken just two hours ago. These Bitcoin holdings were accumulated three weeks prior at an average price of $84,713 each. If the entire amount is sold at current prices, the realized profit would total around $14.21 million. As of now, the wallet still retains 983 BTC, worth about $97.43 million. This significant movement may signal institutional profit-taking and could impact short-term Bitcoin liquidity and price dynamics on major exchanges. (Source: The Data Nerd, Twitter)