#BTCWhaleMovement #

Bitcoin whales are making significant moves, fueling the latest bull run. Recent data shows a surge in large transactions exceeding $100,000, with over 13,000 such transactions recorded. Wrapped Bitcoin (wBTC) whales are also active, with over 100 large transactions in the last 16 weeks, indicating growing interest in DeFi applications.

*Key Developments:*

- *Increased Whale Activity*: Signals renewed confidence and potential further price appreciation

- *DeFi Adoption*: wBTC whale transactions indicate growing interest in utilizing Bitcoin within the Ethereum-based DeFi ecosystem

- *Bullish Sentiment*: Long-Term Holder SOPR surpassing 1.1 suggests long-term holders are realizing profits, supporting the bull trend

Recent whale movements include an $8.6 billion transfer from wallets dormant since 2011, sparking speculation about market manipulation or potential hacks ¹ ².