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>>A major Bitcoin whale has surfaced, moving $43 million into Gemini and hinting at a possible market shift.

A major Bitcoin whale has surfaced, moving $43 million into Gemini and hinting at a possible market shift.

crypthub

about 8 hours ago

Whale Deposit Triggers Market Attention

A dormant Bitcoin address moved 650.76 BTC, roughly $43 million, to the Gemini exchange on March 21 2025. The wallet had been inactive since early 2022, making this its first outflow in three years. Analysts label such holders as “sleeping giants” and monitor their activity for market cues.

Implications and On‑Chain Signals

The direct deposit to a regulated U.S. platform suggests preparation for liquidity—possible sale, conversion to fiat, or using the BTC as loan collateral. Exchange net‑flow data showed a sharp rise for Gemini, while the Spent Output Age Bands metric spiked for coins held 2‑3 years, indicating medium‑term holders becoming active.

Expert Views and Regulatory Context

Experts caution that a single whale move is only one data point; overall long‑term supply remains near historic highs, implying broad confidence. Gemini’s regulatory profile points to an institutional or wealth‑management entity rather than a pseudonymous trader. The event adds a transparent on‑chain signal without destabilizing price.

A major Bitcoin whale has surfaced, moving $43 million into Gemini and hinting at a possible market shift.

Whale Deposit Triggers Market Attention

Implications and On‑Chain Signals

Expert Views and Regulatory Context

A major Bitcoin whale has surfaced, moving $43 million into Gemini and hinting at a possible market shift.