{"id":25508,"date":"2025-07-23T10:47:12","date_gmt":"2025-07-23T07:47:12","guid":{"rendered":"https:\/\/forklog.com\/en\/whales-withdraw-bitcoin-and-ethereum-from-wallets\/"},"modified":"2025-07-23T10:47:12","modified_gmt":"2025-07-23T07:47:12","slug":"whales-withdraw-bitcoin-and-ethereum-from-wallets","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/whales-withdraw-bitcoin-and-ethereum-from-wallets\/","title":{"rendered":"Whales Withdraw Bitcoin and Ethereum from Wallets"},"content":{"rendered":"<p>The cryptocurrency market is witnessing significant activity from major holders, a trend observed in both the Bitcoin and Ethereum networks.<\/p>\n<p>An unknown whale transferred 10,603 BTC worth $1.26 billion after several years of inactivity, according to Lookonchain, citing Arkham data.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">3 wallets (likely belonging to the same whale) just transferred 10,606 <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a>($1.26M) out after being dormant for 3-5 years.<\/p>\n<p>All 3 wallets received <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> on Dec 13, 2020, when the price of <a href=\"https:\/\/twitter.com\/search?q=%24BTC&#038;src=ctag&#038;ref_src=twsrc%5Etfw\">$BTC<\/a> was $18,807.<a href=\"https:\/\/t.co\/cSrBKmCTK8\">https:\/\/t.co\/cSrBKmCTK8<\/a><a href=\"https:\/\/t.co\/0770dlRgtl\">https:\/\/t.co\/0770dlRgtl<\/a><a href=\"https:\/\/t.co\/mKTH0Vl0od\">https:\/\/t.co\/mKTH0Vl0od<\/a> <a href=\"https:\/\/t.co\/YBGrixtstc\">pic.twitter.com\/YBGrixtstc<\/a><\/p>\n<p>\u2014 Lookonchain (@lookonchain) <a href=\"https:\/\/twitter.com\/lookonchain\/status\/1947867654922113277?ref_src=twsrc%5Etfw\">July 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The transactions were made from three addresses. They received bitcoins on December 13, 2020, when the asset&#8217;s price was around $18,000. Each wallet received between 3,000 and 4,000 BTC. Two of them remained inactive all this time. Three years ago, 7 BTC were withdrawn from the third wallet in two transactions.<\/p>\n<p>On July 22, the whale completely emptied all addresses. The funds were transferred to three new unmarked wallets and have not moved since.<\/p>\n<p>According to Arkham Intelligence, all three old wallets previously interacted with a common address, indicating the assets likely belong to a single individual or organization.<\/p>\n<h2 class=\"wp-block-heading\">ETH Whale Activity<\/h2>\n<p>A similar situation is unfolding in the Ethereum network. According to CoinDesk, a record number of coins since January 2024\u2014approximately 519,000 ETH worth $1.9 billion\u2014are currently queued for withdrawal from staking.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Roughly 519,000 ETH worth more than $1.9 billion is queued to exit the Ethereum network, the largest since January 2024. <\/p>\n<p>The exodus is likely due to stakers looking to take profits after ETH more than doubling in price since April. Source: CoinDesk <a href=\"https:\/\/t.co\/LGd5ySYV7Z\">pic.twitter.com\/LGd5ySYV7Z<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1947828776815260083?ref_src=twsrc%5Etfw\">July 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Analysts attribute this outflow to users seeking to lock in profits after the price of ether <a href=\"https:\/\/u1f987.com\/en\/news\/traders-eye-ethereum-at-4000\">more than doubled<\/a> since April.<\/p>\n<p>The trend is confirmed by the actions of major players. According to EmberCN, large batches of coins continue to flow from Justin Sun&#8217;s exchange HTX to Binance.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">7 hours ago, 50,000 ETH (worth $186 million) continued to flow from Justin Sun&#8217;s exchange HTX to Binance, according to <a href=\"https:\/\/twitter.com\/EmberCN?ref_src=twsrc%5Etfw\">@EmberCN<\/a>. <a href=\"https:\/\/t.co\/nIQNcomzci\">pic.twitter.com\/nIQNcomzci<\/a><\/p>\n<p>\u2014 Wu Blockchain (@WuBlockchain) <a href=\"https:\/\/twitter.com\/WuBlockchain\/status\/1947815159373959432?ref_src=twsrc%5Etfw\">July 23, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Recently, another 50,000 ETH worth $186 million was transferred.<\/p>\n<p>The movement of large capitals occurs against the backdrop of Bitcoin&#8217;s rise <a href=\"https:\/\/u1f987.com\/en\/news\/bitcoin-breaches-a-record-120000-amid-institutional-demand\">to new highs<\/a> and <a href=\"https:\/\/u1f987.com\/en\/news\/analyst-calls-the-start-of-altcoin-season\">a revival in the altcoin segment<\/a>. Moreover, the total market capitalization of digital assets has <a href=\"https:\/\/u1f987.com\/en\/news\/cryptocurrency-market-capitalisation-surpasses-4-trillion-for-the-first-time\">exceeded $4 trillion<\/a> for the first time.<\/p>\n<p>Earlier this month, a whale from the &#8220;Satoshi era&#8221; <a href=\"https:\/\/u1f987.com\/en\/news\/early-bitcoin-whale-moves-another-40000-btc\">transferred over 80,000 BTC<\/a> to the Galaxy Digital platform.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The cryptocurrency market is witnessing significant activity from major holders, a trend observed in both the Bitcoin and Ethereum networks. An unknown whale transferred 10,603 BTC worth $1.26 billion after several years of inactivity, according to Lookonchain, citing Arkham data. 3 wallets (likely belonging to the same whale) just transferred 10,606 $BTC($1.26M) out after being [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":25507,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[],"class_list":["post-25508","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis"],"aioseo_notices":[],"amp_enabled":true,"views":"36","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25508","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=25508"}],"version-history":[{"count":0,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/25508\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/25507"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=25508"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=25508"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=25508"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}