March Sees $5B Bitcoin Whale Payments and $18.5M ARB Deposit

Recent activities in the Bitcoin market have indicated significant movements by whale wallets, suggesting potential future price volatility. Four whale wallets deposited 11.34 million ARB, valued at approximately $18.5 million, into Binance around 20 hours ago. Additionally, a notable increase in the movement of long-dormant Bitcoin has been observed in March. One such instance involves a whale transferring 8,734 BTC, equivalent to around $566 million, between unknown wallets. Another significant movement was tracked from a whale wallet known as 37XuVSEp, which has accumulated 94,504.03 BTC since 2019, valued at $6.1 billion. This wallet executed a massive transfer, distributing its holdings to various other wallets, including two transactions that resulted in the creation of new whale wallets through $5 billion payments. One of these $5 billion payments has ties to WikiLeaks, indicating a complex network of transactions among high-value Bitcoin holders. Furthermore, another whale has been consistently buying 100 BTC daily since November 2022, accumulating a total of $3.1 billion. This flurry of activity, including significant transfers from Bitcoin's earliest wallets in March, underscores a period of heightened movement and potential market impact.