Bitcoin News Today: Bitcoin Whales Move $1.98 Billion In Two Weeks

On July 19, 2025, at 03:43:18 UTC, a significant transfer of 7,743 BTC, valued at approximately $916.25 million, was moved from Coinbase to an unknown wallet. This transaction, which occurred when Bitcoin was trading at $118,329.11, has sparked speculation about the intentions behind such a large movement. The transfer could indicate institutional accumulation or long-term cold storage by a major holder, given the substantial amount involved.

This transfer is part of a broader trend of increased whale activity in the Bitcoin market. Over the past two weeks, the number of large transactions has risen sharply, suggesting a renewed presence of large holders in the ecosystem. This surge in activity has added to the intrigue, as an ancient Bitcoin whale, dormant for 14 years, has resurfaced. This long-time holder moved billions of dollars' worth of BTC within just a few hours, distributing the transactions across unknown wallets in a series of high-value transfers. The movement of 10,000 BTC per batch in eight separate transactions, totaling 80,000 BTC, all moved for the first time since 2011, has sent shockwaves through the broader crypto market.

The wave of whale activity has coincided with heightened concerns of a potential Bitcoin price correction. The price of Bitcoin dropped sharply earlier in the week, briefly dipping below $117,000 and reaching an intraday low of $116,218, following signs that the ancient whale may be selling their holdings. Although prices have since partially recovered, the volatility has intensified. The same long-dormant whale recently transferred 9,000 BTC ($1.06 billion) to Galaxy Digital. Shortly after, another large transfer of 7,843 BTC occurred. Galaxy Digital has begun depositing a portion of these newly received coins to leading exchanges, including Binance and Bybit. Approximately $236 million worth of BTC has already been moved to these platforms, raising speculation that more sell pressure could be imminent.

The market response has been swift, with short-term volatility spiking and at least one major whale closing a long position and flipping to short. This activity has raised concerns about the potential impact on the broader crypto market, as the movements of large holders can significantly influence market sentiment and price trends. The recent transfers and the resurgence of dormant whales have added to the uncertainty, making it difficult to predict the short-term direction of Bitcoin's price.

In summary, the mysterious $1 billion BTC transfer from Coinbase, along with the resurgence of dormant whales, has sparked significant interest and concern in the crypto market. The intentions behind these large movements remain unclear, but the potential for institutional accumulation or long-term storage by major holders cannot be ruled out. The heightened volatility and the possibility of a price correction add to the complexity of the current market dynamics, making it a critical period for Bitcoin and the broader crypto ecosystem.