Recent Significant Bitcoin Transfers and Whale Activity

Major Whale Movements in the Last Few Days

$1.26 Billion Dormant Whale Transfer (July 23, 2025)

• Three Bitcoin addresses, inactive for years since acquiring BTC in December 2020, suddenly moved a combined 10,603 BTC (worth about $1.26B) to new unmarked wallets.
• The wallets were all linked via a shared interaction and originated from a single known address.
• The activity has stirred speculation about strategic asset shifts, possible OTC sales, or preparatory moves for further action.
• No further transfers from the new wallets have been recorded, making the intention unclear

Satoshi-Era Whale Moves Over $9.5 Billion

• An extremely old Bitcoin holder (also referred to as a “Satoshi-era”) who received BTC in April and May 2011 reactivated their wallets, moving more than 80,000 BTC—totaling over $9.5B—to Galaxy Digital’s custody.
• This movement is believed to be part of institutional over-the-counter (OTC) sales rather than market dumping, limiting immediate market price impact
• Galaxy Digital subsequently transferred some BTC to major exchanges, but most of the coins remain in controlled wallets.

$1 Billion Transfer from Coinbase

• A large whale transaction saw 7,743 BTC (about $916M) moved from Coinbase to a new, anonymous wallet, drawing attention from the crypto community. The transfer fuels speculation about possible institutional accumulation or secure storage

SpaceX Wallet Reawakens

• Corporate whale: SpaceX, after years of inactivity, transferred about 1,308 BTC (over $153M) from its tagged address to a previously inactive wallet. SpaceX reportedly still holds nearly 7,000 BTC, making it one of the largest corporate Bitcoin holders
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Additional Whale and Transfer Highlights

Intensified Whale-to-Exchange Transfers

• With Bitcoin’s recent price volatility, the volume of whale BTC sent to exchanges is rising sharply, with a 7-day moving average nearing 12,000 BTC.
• This often signals profit-taking, capital rotation into altcoins, or broader portfolio strategy shifts

Historical Perspective

• Recent transfers mark some of the largest dormant and whale-associated moves in years.
• Many analysts interpret the scale of these transfers as a mix of strategic repositioning, profit realization, and the evolving role of institutions in the Bitcoin market

Also, Read How to Buy Ethereum in 2025: Simple Steps for Beginners

Market Impact & Sentiment

These large transfers have been accompanied by:

• Short-term increases in price volatility.
• Discussions about whether further selling or institutional accumulation will drive the next trend.
• Persistent uncertainty over the ultimate purpose of such consolidated moves, as many coins remain inactive after transfer

Summary:
The last several days have seen a surge in significant Bitcoin whale activity, with both long-dormant wallets and known institutions transferring billions in BTC. These movements not only affect market sentiment, but also signal shifting strategies among the world’s largest holders