Dormant for 3 Years, Bitcoin Whale Moves $530M in BTC

- Bitcoin whale moves $530M, showcasing liquidity and efficiency -Institutional investors show growing interest in Bitcoin and Ethereum [Unblock Media] A recent incident involving a Bitcoin whale moving $530 million worth of BTC to two addresses has drawn attention. This whale last transacted 44 months ago and paid a transaction fee of only $45.93 to move the amount to new addresses, demonstrating Bitcoin's low transaction fees and efficiency in handling large transactions. This whale, which had been dormant for over 3 years, moved $530 million worth of Bitcoin to two new addresses. One address holds $420 million, and the other contains 1,000 BTC (approximately $107 million). This movement indicates high liquidity in Bitcoin and raises questions about its potential impact on the market. Although no specific market changes have been observed immediately, such large-scale movements have historically caused short-term volatility in the market. Similar instances in the past have resulted in fluctuations in Bitcoin's price, either rising or falling. Therefore, price volatility can be expected in the coming days. Next, MicroStrategy's large Bitcoin purchase signifies more than just an investment. The company treats Bitcoin as 'digital gold' and aims to hold it as a long-term asset. This strategy acts as a hedge against financial market uncertainties, valuing Bitcoin's decentralization, fixed supply, and predictable issuance rate. As of December 15, MicroStrategy holds 439,000 BTC at an average price of $61,725. Lastly, Fidelity Investments' purchase of Ethereum indicates that institutional investors are highly interested not only in Bitcoin but also Ethereum. While Bitcoin holds strengths as digital gold, Ethereum offers different attractions due to its DeFi and smart contract use cases. Last week, Fidelity purchased $250 million worth of Ethereum, accounting for 16% of the total amount that flowed into the company's spot Ethereum ETF at the time. As of December 16, the cumulative net inflow into Fidelity’s ETH ETF amounts to $1.38 billion.