$BTC A newly created wallet has received 500 $BTC , valued at $58.3 million, from Gate over the past two weeks

With Bitcoin trading around $116,600 per coin, per CoinGecko, this transfer suggests a significant move, likely by a whale or institutional player, possibly for secure custody or strategic positioning.

What’s your take—is this whale prepping for a long-term Bitcoin play, or just moving funds off-exchange for safety?