In a striking display of activity, blockchain tracking service Whale Alert has flagged a surge of massive Bitcoin transactions in 12 hours, suggesting coordinated moves among large holders and institutional players.
A total of over 15,000 BTC—worth approximately $1.6 billion—has been moved across multiple wallets and exchanges, raising eyebrows across the crypto community.
The alerts detail significant outflows and inflows to and from major exchanges like Binance, Kraken, Coinbase Institutional, Bitfinex, and Cumberland, as well as numerous transfers to and between unknown wallets, often interpreted as cold storage or OTC settlements.
Major Transfers Include:
- 1,200 BTC ($130M) moved from Binance to an unknown wallet
- 712 BTC ($77M) sent from an unknown wallet to Kraken
- 716 BTC ($77.9M) transferred from Kraken to an unknown wallet
- 903 BTC, 798 BTC, and 471 BTC (totaling over $230M) sent from Kraken to unknown wallets within hours
- 1,747 BTC ($190M) moved from an unknown wallet to Coinbase Institutional
- 1,025 BTC ($110M) transferred from an unknown wallet to Cumberland
- 699 BTC ($75M) sent from an unknown wallet to Coinbase InstitutionalAdditional movements of 800 BTC,
- 617 BTC, 581 BTC, and others also occurred from various exchanges
What Does It Mean?
These transactions reflect mixed sentiment. Transfers from exchanges to unknown wallets are often interpreted as accumulation or cold storage—a bullish signal suggesting holders are securing assets long-term. On the other hand, BTC moving onto exchanges like Kraken or Coinbase can imply potential selling pressure.
The influx to institutional platforms like Coinbase Institutional and Cumberland also suggests growing institutional activity, likely linked to high-volume over-the-counter (OTC) trades or fund rebalancing.
Kosta Gushterov
Reporter at Coindoo
Kosta has been a part of the team since 2021 and has solidified his position with a thirst for knowledge, incredible dedication to his work and a “detective-like” mindset. He not only covers a wide range of trending topics, he also creates reviews, PR articles and educational content. His work has also been referenced by other news outlets.
Source: https://coindoo.com/whales-move-over-1-billion-in-btc-moves-in-12-hours/