Bitcoin (BTC) is facing volatility as it struggles to break through the $95,000 resistance level. However, a Bitcoin whale, whose wallet had been dormant for six years, recently deposited 500 BTC ($46.87 million) into Coinbase Prime. The whale's holdings, accumulated when Bitcoin was priced at $7,000, have now made a significant profit and are worth over $47 million. While the purpose of this deposit is unknown, it often indicates a potential intent to sell. Some analysts speculate that the whale may be taking advantage of Bitcoin's distribution phase to liquidate and raise profits for other ventures. NBA legend Scottie Pippen believes the current price movement is a bear trap and advises against selling, predicting a future surge in BTC's value. Market watchers will closely monitor the whale's next moves to see if selling is part of their strategy.



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