Mysterious $1 Billion BTC Transfer from Coinbase: Whales Finally Awake

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.