Approximately 8,000 dormant Bitcoins, valued at over 841 million USD, were transferred recently after five years. This transaction has sparked speculation about institutional activity and potential ETF involvement.
Bitcoin’s price fell to 102,000 USD amid rising geopolitical tensions. Investors are concerned whether the transfer signals a sell-off or if it indicates institutional accumulation ahead of ETF allocations.
Speculators suggest that major institutions such as BlackRock might be behind this Bitcoin transfer. The fluctuating conditions in the market reflect ongoing uncertainty about both Bitcoin and gold prices.
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