**$103 Million in $BTC Bitcoin Transfers Stuns Major Crypto Exchange Within Minutes**

As selling pressure intensifies, crypto whales have continued offloading large amounts of **$BTC** onto major exchanges.

On **May 14**, blockchain tracker **Whale Alert** detected two massive **Bitcoin** transfers to **Coinbase**, a leading U.S.-based crypto exchange, in quick succession. The transactions, totaling **$102.85 million**, involved two separate transfers of **498 BTC each**, sparking speculation of increased sell-offs by major holders.

While the transfers appeared identical in size, they originated from two different unknown wallets, with slight variations in value:

- **First transfer:** 498 #BTC ($51.43 million)

- **Second transfer:** 498 BTC ($51.42 million)

### **Whale Activity Threatens Bitcoin’s Bullish Momentum**

The large transfers coincided with a broader **market correction** affecting major cryptocurrencies. After a bullish start earlier in the day, **Bitcoin** and other top altcoins dipped into the red zone by late trading hours.

According to **CoinMarketCap**, **$BTC

BTC** saw a **1.43% decline** over the past 24 hours, trading at **$103,441** at press time.

While such transfers have become more frequent recently, large **BTC** deposits to exchanges often signal **impending sell-offs** by institutional or high-net-worth investors. If whales continue dumping, the increased selling pressure could **disrupt Bitcoin’s upward trend**, potentially triggering panic selling among retail investors and further driving down prices.

However, analysts note that **not all large transfers lead to immediate market moves**—some whales may simply be **reallocating assets** rather than liquidating. Despite the uncertainty, market sentiment remains **largely bullish**, supported by sustained interest from both retail and institutional investors. Notably, firms like **MicroStrategy** continue aggressively accumulating **BTC**, reinforcing long-term confidence.

**BTC Price Update:** $102,333.53 | **-1.52%**

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