Bitcoin Whale Transfers $250M to Mystery Wallet as Price Dips, Then Rebounds
• $250 million in Bitcoin transferred from Binance to unknown wallet address "1126a"
• Largest ever transaction for receiving wallet, which has history of 63 transactions since June 2023
• Transfer occurred as Bitcoin price was dipping nearly 6% since Monday
• Price rebounded 0.5% within an hour, potentially due to market interpreting transfer as bullish signal
• Raises questions about intent behind transfer - accumulation, diversification, sentiment manipulation?