An ancient Bitcoin wallet, holding over 306 BTC since 2013, was emptied as the asset's price dipped to a three-week low. Initially funded when Bitcoin traded around $75, the wallet’s Bitcoin has appreciated over 152,300%, now valued at $34.8 million as Bitcoin fluctuates around $114,000. This move coincides with a broader trend of long-term holders liquidating portions of their holdings, warning analysts like CryptoQuant that a correction phase could last months due to significant selling pressure from whales. Notably, a recent surge in Bitcoin activity includes a major transfer of $4.7 billion to Galaxy Digital and another activation of 50 BTC acquired in 2010 for about $0.10. The Bitcoin from the ancient wallet was split between two addresses and did not appear aimed at exchanges, revealing privacy-enhanced CoinJoin transactions. Overall, the Bitcoin market is cautiously reacting to long-term profit-taking behaviors amid ongoing fluctuations in price and market conditions.

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