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Dormant Bitcoin whale deposits 2,300 BTC into Paxos, holds over 32,000 BTC worth $3.4B

Crypto Briefing
A dormant Bitcoin whale moved 2,300 BTC worth $250 million to Paxos, while still holding over 32,000 BTC.

Summary

A previously inactive Bitcoin whale recently deposited 2,300 BTC, valued at approximately $250 million, into Paxos, a regulated blockchain firm. On-chain data indicates that this whale still retains a substantial holding of 32,490 BTC, currently worth around $3.4 billion. This movement of significant assets by a long-term holder suggests a potential shift in sentiment or strategy within the digital asset market, as other dormant holders have also recently begun moving assets to exchanges.

(Source:Crypto Briefing)