Two significant events have recently occurred in the bitcoin market.

Two noteworthy incidents have recently happened in the Bitcoin market, indicating greater engagement by institutional investors.

A prominent Bitcoin whale has added $200 million in Bitcoin to its portfolio. This transaction was made on March 24, following the sale of more than 11,400 Bitcoin in prior months. The whale currently owns over 15,000 Bitcoin, worth more than $1.3 billion at current pricing.This strategic move coincides with Bitcoin's recent price rise, which adds to market optimism. The whale began repurchasing Bitcoin five days before the transaction, having sold part of its holdings as the price fluctuated between $100,000 and $86,000 in February.
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Simultaneously, a long-dormant Bitcoin whale has reactivated after eight years of dormancy. On March 22, this whale transacted nearly 3,000 Bitcoins, totaling about $250 million.

Bitcoin was first acquired about 2016, when the price was approximately $1,000. The value of this whale's stocks has increased from around $3 million in early 2017 to more over $250 million now.

Bitcoin whales have enormous holdings, and when a whale makes a major buy, the price of Bitcoin rises owing to increased demand. In contrast, big sell-offs can cause fast drops, sparking fear among smaller investors and increasing market volatility.These moves are part of a larger trend in the cryptocurrency market, which includes greater participation from institutional investors.