Bitcoin (BTC) is inching closer to the $100,000 psychological level despite the recent wild fluctuations and volatility on the digital asset market. The coin has maintained higher lows for each retracement, possibly fueling large holders’ interests.

Massive whale transfer sparks speculation

Based on a transaction spotted by Whale Alert, a Bitcoin whale has transferred a massive 3,289 BTC, valued at approximately $318,883,825 to Coinbase. The move has sparked speculation as market participants monitor BTC’s price outlook closely.