On November 20, a dormant Bitcoin whale deposited 850 BTC (77.9 million USD) into Paxos after depositing 2,300 BTC previously. This activity raises questions about potential shifts in Bitcoin’s price and market liquidity.
Given the wallet’s historical ties to Craig Wright, investor caution is heightened regarding potential market impacts from these large deposits. Traders are on alert for possible price fluctuations as they consider the implications of substantial liquidity on Paxos.
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