Oldwallet
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#CryptoComeback #BTCBackto100K #whalemovement #ColdWalletMatters
#Oldwallet
In addition to the reactivation of long-dormant wallets, the market also recorded a surge in fantastic value Bitcoin transfers to major exchanges. Data from Whale Alert revealed that this wave of transactions peaked in early May 2025.
Specifically, a total of 2,402 BTC was sent from Ceffu to Binance. A total of 600 BTC (US$56.65 million) was transferred from an unknown wallet to Bitfinex. Meanwhile, 1,636 BTC (US$154.05 million) and 1,385 BTC (US$130.74 million) were sent from Cumberland to Coinbase Institutional. One other transaction recorded the transfer of 1,142 BTC (US$107.68 million) from an anonymous wallet to Coinbase Institutional.
This series of transfers indicates that Bitcoin whales are actively moving their assets to exchanges, a behavior that is often interpreted as a sign of impending selling pressure in the near future.
Beyond individual whale activity, Riot Platforms—one of the leading Bitcoin mining companies—sold 475 BTC in April 2025 to face industry pressures. This move came amid rising operational costs in the mining sector following the 2024 halving event, which forced many companies to liquidate some of their Bitcoin holdings to maintain operational continuity. Meanwhile, MicroStrategy—an institutional investor known for its bold Bitcoin accumulation strategy—continues to buy despite facing criticism for its high-risk investment approach.
#Oldwallet
In addition to the reactivation of long-dormant wallets, the market also recorded a surge in fantastic value Bitcoin transfers to major exchanges. Data from Whale Alert revealed that this wave of transactions peaked in early May 2025.
Specifically, a total of 2,402 BTC was sent from Ceffu to Binance. A total of 600 BTC (US$56.65 million) was transferred from an unknown wallet to Bitfinex. Meanwhile, 1,636 BTC (US$154.05 million) and 1,385 BTC (US$130.74 million) were sent from Cumberland to Coinbase Institutional. One other transaction recorded the transfer of 1,142 BTC (US$107.68 million) from an anonymous wallet to Coinbase Institutional.
This series of transfers indicates that Bitcoin whales are actively moving their assets to exchanges, a behavior that is often interpreted as a sign of impending selling pressure in the near future.
Beyond individual whale activity, Riot Platforms—one of the leading Bitcoin mining companies—sold 475 BTC in April 2025 to face industry pressures. This move came amid rising operational costs in the mining sector following the 2024 halving event, which forced many companies to liquidate some of their Bitcoin holdings to maintain operational continuity. Meanwhile, MicroStrategy—an institutional investor known for its bold Bitcoin accumulation strategy—continues to buy despite facing criticism for its high-risk investment approach.
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