14-Year Bitcoin Whale Starts Selling: Billions of Dollars Flooded into Exchanges!
After exactly 14 years, a Bitcoin (BTC) whale has moved, transferring approximately $1.67 billion worth of BTC to exchanges via Galaxy Digital within 12 hours, creating significant selling activity in the market.
Bitcoin (BTC) investors began the day with an unexpected wave of sales from a massive whale. According to on-chain (blockchain) analyses, a large investor who has quietly held BTC in their wallet for a full 14 years started moving their 17,123 BTC to exchanges through Galaxy Digital. It is reported that a large portion of the BTC, with a total value of nearly $2 billion, has been converted into actual sales.
According to data shared by Ai, out of the BTC transfers made in the last 12 hours, 14,273 were deposited into major cryptocurrency exchanges such as Binance, OKX, and Coinbase. When transaction movements and sales volumes within the exchanges were examined, it was confirmed that this giant whale created a serious wave of selling in the market. Notably, over 10,000 BTC were sold on Binance within 4 hours, and it was also noted that Galaxy Digital withdrew USDT from the market after the BTC transfers.
Sales concentrated on Coinbase
Another striking detail of the whale movements is that the selling transactions were particularly concentrated on the Coinbase exchange. According to Ai, a significant portion of the approximately $200 million USDT withdrawn by Galaxy Digital was transferred to hot wallets on Coinbase. This indicates that the whale preferred Coinbase as its main selling platform.
On the other hand, while the selling activity is still ongoing, it was stated that Galaxy Digital currently holds 26,238 BTC. Experts point out that this development could create volatility in the market in the short term and emphasize that investors need to closely monitor large-scale transactions.
