Bitcoin Sleeper Rise: $34.6 billion bets halved dawn

More than 600,000 idle Bitcoin (BTC) (valued at $34.6 billion) have been transferred on-chain in recent weeks, setting one of the largest Bitcoin transfer records in recent years. Driven by rising prices and the upcoming halving, the activity has increased the exchange’s inflow by 30% and heralds an increase in market participation. Analysts point out that this could lead to market volatility as long-term supply enters the market, while institutional increase before the halving strengthens the attractiveness of BTC as a hedge tool.