Over the past 24 hours, on-chain monitoring service Whale Alert has flagged a series of large-scale transfers involving Bitcoin (BTC) and Ethereum (ETH), signaling intensified activity from whales and institutions amid ongoing market volatility.
Among the most notable was a staggering transfer of 52,000 ETH, valued at over $133 million, moved from one unknown wallet to another. This was followed by two sizable ETH transfers:
- 22,000 ETH (approx. $56.7 million) moved from CeFu to an unknown wallet
- 19,584 ETH (approx. $50.4 million) transferred from an unknown wallet to Binance
Bitcoin Whale Shifts Also Spike
Bitcoin wasn’t left behind. Whale Alert tracked several high-value BTC transactions:
- 1,800 BTC (valued at $197 million) shuffled between unknown wallets
- 707 BTC ($77.7 million) moved from Binance to CeFu
- 619 BTC ($68.1 million) sent from an unknown wallet to Coinbase Institutional
What It Could Mean
While the motives behind these transactions remain unclear, such movements often spark speculation about institutional positioning, potential sell-offs, or cold storage management. The fact that some transfers involved platforms like Coinbase Institutional and Binance could indicate strategic reallocation or preparation for over-the-counter (OTC) trading.
With ETH transfers outpacing BTC in both volume and frequency, Ethereum may be experiencing renewed interest ahead of key developments or price movements.
Investors and analysts alike are keeping a close eye on the blockchain as further whale activity could foreshadow short-term price shifts or major announcements from institutional players.
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/massive-crypto-whale-movements-stir-market-attention/