BTC OG Insider Whale Transfers 1599 BTC to New Wallet

A major Bitcoin holder identified as 「BTC OG Insider Whale」 has transferred 1,599 BTC to a new wallet in the past two hours (). The movement of such a significant amount of Bitcoin draws attention from traders and analysts as it may indicate strategic positioning or a shift in accumulation behavior.

Bitcoin's price has stabilized around $78,000 after a 2.3% recovery in the previous day. The uptick was attributed to ETF inflows and corporate accumulation. Institutional demand has temporarily supported the price following a week of sharp corrections.

Bitcoin ETFs saw a $561.89 million inflow on Monday, the highest single-day inflow since mid-January. This suggests renewed institutional interest amid a broader bearish backdrop.

Corporate accumulation is also evident, with Strategy (MSTR) purchasing 855 BTC, bringing its total holdings to 713,502 BTC. MSTR's average buying price stands at $76,052, and the current price has dipped below this level, resulting in unrealized losses.

Why Did This Happen?

The transfer of 1,599 BTC by the 「BTC OG Insider Whale」 could signal a repositioning strategy or increased confidence in Bitcoin's long-term value (). Whale activity often influences market sentiment, especially when large movements are observed without immediate trading or selling.

The recent ETF inflows provide short-term relief but do not necessarily signal a reversal of the broader downtrend. Analysts remain cautious, noting that 46% of Bitcoin's supply is currently underwater, indicating ongoing bearish momentum.

How Did Markets Respond?

Despite the ETF inflows and corporate accumulation, Bitcoin's price remains below the $80,000 psychological level. On the daily chart, BTC closed below the 61.8% Fibonacci retracement level at $78,490, facing resistance at current levels. A breakdown could push prices toward the $73,000 support zone.

In contrast, the U.S. strategic Bitcoin reserve has lost nearly $5 billion in value since its creation. The reserve, which was valued at $18.5 billion in March 2025, has dropped 45% from its all-time high. This decline reflects the broader challenges in the crypto market and the risks of holding large positions during a bear market.

What Are Analysts Watching Next?

Market participants are closely monitoring ETF inflow patterns and whale activity for signs of renewed accumulation. While ETF inflows are positive, they must continue and intensify to support a sustainable recovery.

BlackRock's recent transfer of $170 million in Bitcoin and Ethereum to Coinbase has also drawn attention. Historically, such moves have sometimes preceded selling activity, though recent inflows may suggest part of the funds are being used to buy more BTC and ETH.

Analysts suggest that the market will remain volatile until a clear catalyst emerges, such as the passage of the CLARITY Act or a significant shift in institutional sentiment. Until then, traders are advised to remain cautious and consider the possibility that current price rebounds may be short-lived.