Recently, the Crypto Assets market witnessed a notable event: a 'prehistoric Whale' who has held Bitcoin for 14 years started to transfer assets on a large scale. This action immediately attracted widespread attention and speculation in the market.

The initial expectation was that, in order to avoid causing severe fluctuations in the market, this Whale would choose to handle this large amount of Bitcoin through over-the-counter (OTC) trading. However, the latest on-chain data analysis revealed an unexpected twist.

According to the report by on-chain analyst ai_9684xtpa, approximately 14,273 Bitcoins (worth about $1.67 billion) have been transferred in batches by Galaxy Digital to several major exchanges over the past 12 hours. These exchanges include well-known platforms such as Binance, Bybit, and Bitstamp. Notably, in just the last hour, 5,690 Bitcoins were transferred.

This series of operations stands in stark contrast to the general expectations of the market. Originally, industry insiders believed that Whales would opt for OTC trading to minimize the impact on prices in the public market. However, the actual situation shows that Galaxy Digital, after receiving this batch of Bitcoin, did not fully proceed with OTC trading as expected, but instead chose to transfer a portion of the funds directly to the exchange.

This approach may have a more direct impact on the market, as large transactions conducted directly on exchanges are more likely to cause price fluctuations compared to OTC trading. This unexpected way of operating has sparked a new round of thinking and discussion among market participants regarding the future Bitcoin price trend.

As this batch of long-held Bitcoin re-enters circulation, the market will closely follow its impact on the overall Crypto Assets ecosystem. This event once again highlights the unpredictability of the Crypto Assets market and the important role of on-chain data analysis in revealing market trends.