Polymarket Bets BTC Above $54K as Dormant Whale Wallet Awakens
Prediction markets are signaling extreme bullishness as Polymarket prices Bitcoin above $54,000 with a staggering 99.95% confidence level. This surge in sentiment is underscored by the sudden awakening of a long-dormant Bitcoin wallet that has been inactive since the late-2017 market peak.
A massive transfer of 5,908 BTC, worth roughly $383 million, was recently tracked moving to a new address. Crucially, the funds were not sent to an exchange, leading analysts to believe this is a custody shift or a massive OTC deal rather than a direct sell-off, potentially stabilizing the Bitcoin price despite the large volume.
Polymarket is currently pricing Bitcoin above the $54,000 mark with a 99.95% certainty. This high-conviction forecast comes alongside significant on-chain activity involving a 'whale' wallet from the late-2017 era. The wallet moved 5,908 BTC—approximately $383 million—to a new address. Because the assets were not moved to a centralized exchange, the movement is being interpreted as a potential change in custody or a private OTC transaction rather than an immediate market dump.
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