#BTCWhaleMovement

Large Bitcoin (BTC) holders have transferred 8,603 BTC worth over $930 million in just a few hours today, according to blockchain tracker Whale Alert.

The activity involves movements in and out of major exchanges like Binance and Coinbase Institutional. It coincided with Bitcoin’s price swinging between $107K and $109K before stabilizing around $108K over the last 24 hours.

Whale Activity Breakdown

According to the blockchain tracker Whale Alert, the most recent movements involve 4,439 BTC, worth about $482 million, transferred in increments of 1,000 BTC from unknown wallets to new addresses. This indicates over-the-counter (OTC) trades or shifts to cold storage.

Meanwhile, 567 BTC worth over $61 million was moved out from Binance to an unknown wallet. Additionally, Whale Alert reported a transfer of 600 BTC worth over $64.5 million from an unknown wallet to Coinbase Institutional.

The mix of movements, particularly the lack of massive net inflows to exchanges, suggests this activity is more about portfolio rebalancing and trade preparation rather than immediate selling pressure.