A significant Bitcoin transfer recently drew the attention of crypto watchers, with 1,600 BTC, valued at over $108 million, moving from an unknown wallet to a new, undisclosed address.
This transfer was identified by Whale Alert, and as the name suggests, it is a service that tracks substantial cryptocurrency transactions. Over the past 12 hours, Whale Alert has observed five other major Bitcoin transfers, including transactions of 1,500, 1,800, 2,000, and 2,100 BTC, all occurring between unknown wallets.
These substantial transfers could hint at a long-term holding strategy, potentially moving funds to cold storage, which can reduce selling pressure and lend stability to market prices. Alternatively, they might be connected to over-the-counter (OTC) trades, although the exact purpose remains uncertain. The activity may suggest preparations for substantial shifts in the market.
Meanwhile, Bitcoin’s broader market activity has slowed, with fewer wallets now empty. According to Santiment, the number of active BTC wallets has fallen to 211,540—a pattern historically tied to market hesitation that often precedes bullish movements. At this time, Bitcoin’s price stands at $68,873.
Additionally, spot Bitcoin exchange-traded funds (ETFs) saw their largest daily outflows on record, with Bloomberg reporting a collective withdrawal of $579.5 million across 12 Bitcoin ETFs, including those managed by BlackRock and Fidelity.
Bitcoin giant Strategy has added another 4,980 BTC to its reserves in a purchase worth approximately $531.9 million, according to Executive Chairman Michael Saylor.
According to renowned market veteran Peter Brandt, trading isn’t the path to prosperity for the vast majority of people.
Charles Edwards, founder and CEO of Capriole Investments, has offered a fresh perspective on Bitcoin’s stalled price movement near the $100,000 mark, despite growing institutional enthusiasm.
Metaplanet has expanded its Bitcoin treasury with a new acquisition of 1,005 BTC valued at approximately $108.1 million, further cementing its status as one of the largest corporate holders of the digital asset.