Bitcoin (BTC) printed a new all-time high above $126,000 hours ago, fueled by deepening institutional conviction and the US government shutdown — the first since 2018 — then dropped by over $2,000 as whales moved 15,054 BTC to centralized exchanges.
A large movement of coins to exchanges tends to attract increased attention from traders, particularly when accompanied by increased volatility or macro-driven risk-off moves across the crypto market.
BTC Worth $1.88B Moved To Exchanges, Clouding Bullish Outlook
Bitcoin whales are sending assets to crypto exchanges at a fast pace following the top crypto’s latest parabolic surge.
Blockchain data highlighted by CryptoQuant analyst JA Maarturn shows that on Monday, net inflows by big investors to exchanges reached 15,054 BTC, worth roughly $1.88 billion at the time.
The move marks one of the biggest single-day whale deposits in recent months, signaling preparation for a massive sale. By contrast, large participants normally withdraw tokens from platforms if they want to hold onto the hauls for a longer term.
 
Soaring inflows could indicate short-term profit-taking after Bitcoin surged to a new all-time high of $126,080 during late trading on Monday, according to CoinGecko. As of writing, the cryptocurrency is trading just above $124,000, building on a 9.7% weekly gain that has pulled major cryptocurrencies higher across the board.
The price of BTC has been boosted as institutional investors have increasingly flocked to the premier cryptocurrency, and by a weakening US dollar, as traders exit to non-American investments due to President Donald Trump’s on-and-off economic tariffs. As previously reported by ZyCrypto, weekly spot BTC ETF inflows $3.24 billion, the highest since November 2024 and the second-biggest on record.