"Coinbase’s Secret Split: 20,000 BTC Vanish — Is a Mega Bull Run Brewing?"
In early February 2025, Coinbase quietly moved over 20,949 BTC (~$1.6 billion) by splitting just 4 old addresses into 60 smaller wallets (20 holding ~245 BTC each, 40 holding ~401 BTC each).
This type of split is often a setup for institutional onboarding, where funds are structured to be clean and allocated into standardized tranches for big players like ETFs or corporate treasuries.
10,000 bitcoin in each wallet had originally been deposited in 2011. As bitcoin
BTCUSD-0.14% was worth just 78 cents at the time and currently stands at $108,868, the value of those two wallets is now over $1.09 billion each
🔥 Why is this so suspicious?
These BTC came from dormant cold wallets untouched for 14 years.
Moving such old coins signals serious intent — either selling, custody prepping, or institutional settlement.
Splitting into neat uniform addresses is a classic pattern before institutional OTC deals.
🚨 Then the domino fell…
On February 5, over 17,000 BTC left exchanges, the largest single-day outflow since April 2024, with Coinbase processing 15,000 BTC of that alone.
Glassnode and CryptoQuant flagged this as "whale accumulation."
Exchange reserves are now down 13% in six months, hitting the lowest level in 6 years (2.67 million BTC).
💣 Meanwhile, the price narrative brews
BTC held above $98,000, with technicals pointing to a breakout.
Analysts warn of a supply squeeze: fewer coins on exchanges = less ammo for panic sellers.
🤔 Who could be behind it?
Rumors swirl around new Bitcoin spot ETFs, looking to quietly stack before big market moves.
Eyes also on MicroStrategy (MSTR) which has been known to accumulate in similar quiet patterns.
🛡 The Big Takeaway:
Massive old wallet moves, silent splits, and record exchange outflows are classic footprints of whales & institutions positioning.
If you’re betting on crypto’s future
