According to crypto analyst Ja Maartunn, a total of 8,000 coins between the ages of 3 and 5 were recently On the move.
The coin in question can be traced back to Coinbase Custody, a service used by institutional investors.
Maartunn believes that the coin is linked to strategy or Spot Exchange Trade Fund (ETF) allocation.
Analysts suggest that the entity behind the recent move is likely finished purchasing. “Their shopping may take place this week,” Martin said.
Bitcoin is currently trading at $104,806, according to Coingecko data.
