EddieJayonCrypto
18 Apr 25
Leading U.S. crypto exchange Coinbase received over $130 million in Bitcoin inflows, with two transfers totaling 1,546 BTC from a single wallet on April 17. This activity, flagged by Whale Alert, suggests potential whale involvement and has sparked speculation about market shifts. Despite a 20% drop...
Leading U.S. crypto exchange Coinbase recently recorded over $130 million in Bitcoin inflows from a single wallet, sparking speculation about whale activity and potential market shifts.The transfers, flagged by Whale Alert, involved two consecutive BTC movements totaling 1,546 BTC on April 17, originating from the same wallet “3Pfmv9Cibqx3.” The first transfer included 746 BTC (about $63.1 million), followed minutes later by 800 BTC worth approximately $67.7 million.Such large Bitcoin transfers to exchanges like Coinbase often signal impending sell-offs, institutional repositioning, or liquidity plays ahead of major price movements. Despite a 20% drop in Bitcoin trading volume, its price has shown resilience, holding near the $85,000 mark with a modest increase.Analysts remain divided: some see these whale moves as signs of a market cooldown or short-term profit-taking, while others interpret them as strategic liquidity plays setting the stage for future gains.Veteran trader Peter Brandt has described Bitcoin’s recent price action as consolidating into “little boxes on the hillside,” suggesting potential breakout patterns ahead.Whether this massive inflow to Coinbase signals the start of a selloff or a deliberate asset shuffle, it underscores that large holders—whales—are actively making moves, keeping the market alert and speculative.