Mysterious $1 Billion BTC Transfer from Coinbase: Whales Finally Awake
2025-07-19 14:02:05
Main Idea
A significant Bitcoin whale transfer of 7,743 BTC (worth approximately $916.25 million) from Coinbase to a new wallet has sparked speculation about a potential BTC price correction, amid a broader surge in whale activity.
Key Points
1. On July 19, 2025, 7,743 BTC (worth ~$916.25 million) was moved from Coinbase to a newly created wallet, with Bitcoin trading at $118,329.11 at the time.
2. Whale activity in the Bitcoin market has surged recently, with large transactions totaling $8.7 billion tracked by Lookonchain.
3. Whale Alert reported eight separate transactions of 10,000 BTC each (totaling 80,000 BTC), moved for the first time since 2011.
4. A long-dormant whale transferred 9,000 BTC ($1.06 billion) to Galaxy Digital, followed by another transfer of 7,843 BTC.
5. Approximately $236 million worth of BTC has been moved to exchanges like Binance and Bybit, contributing to market volatility.
Description
Recent spike in whale activity suggests possible BTC price correction
Latest News
- Cardano $1,000,000 Transactions Suddenly Skyrocket, Big Move Coming?2025-07-19 16:12:54
- Huge 84,080,000 DOGE Bet: What Happened?2025-07-19 15:46:53
- Dogecoin Crushing 6-Year Ultra Bearish Trend In Q3, Up 53%2025-07-19 15:19:01
- Stellar (XLM) Price to $1? Top Crypto Trader Shares Bullish Prediction2025-07-19 15:05:35
- SHIB Developer Breaks Silence on Total Decentralization of Shiba Inu Ecosystem2025-07-19 14:28:11