Bitcoin Whale Wallet Holding Since 2020 Moves $377M in BTC

A dormant holder from 2020 exiting a full position is a notable signal because that cohort's conviction spanned every major drawdown since, so its departure removes a supply overhang that had been inert for years. What matters less is the dollar figure than the destination: an exchange deposit implies intent to sell, while an internal wallet move suggests custody reshuffling. Whether other long-dormant whales follow is the open question, since their behavior, not this single transfer, would signal a broader shift in holder composition.