Key Takeaways
- Bitcoin whales have ramped up operations as a large investor with $10 billion BTC made a massive move today.
- The whale in question transferred around $364 million worth of BTC to Hyperunit.
- The transaction sparked speculations around an acquisition of Ethereum, owing to the investor’s previous track record.
On X, Arkham Intelligence disclosed that one of the prominent Bitcoin whales who handles funds worth more than $10 billion completed another massive deal. The organization is said to have transferred 2,900 BTC, worth about $363.9 million, to Hyperunit, an exchange associated with its earlier $5 billion acquisition of Ethereum.
Bitcoin Whale Activity Surges Amid New ATH
Arkham questioned the possibility of the investor preparing to be in a second phase of ETF gathering. However, currently, no subsequent transactions have been recorded that indicate an ETH acquisition. Nonetheless, since the BTC price recently registered a new all-time high of $126,000, this could be a profit-taking move.
Further, this transfer took place because on-chain information demonstrated an increase in activity among Bitcoin whales. CryptoQuant analyst JA Maarturn said that whales had deposited a total of 15,054 BTC into exchanges, almost $1.9 billion in total, in the last 24 hours. It is one of the largest one-day inflows that have been witnessed this quarter.
These large deposits contrast with the recent accumulation behavior, which has seen large funds pulled out of centralized exchanges, such as Binance and Coinbase, to self-custody in the midst of bullish ETF-inspired sentiment. In fact, analysts have observed that the major holders had been amassing Bitcoin in cold wallets in the run-up to treasury rebalancing and institutional demand.
The abrupt switch in the flows of exchanges has evoked market theories regarding the idea of possibly making profits or strategic portfolio rebalancing due to the fact that Bitcoin is just balancing on record highs.
Whales Drive Market Upswing
On-chain analyst Ali Martinez reports that Bitcoin whale wallets with 100 to 1,000 BTC in them have increased by over 60,000 BTC over the past seven days, bringing the total value in the range to an estimated 5.11 million BTC. The intensive buying action came at a time when Bitcoin rose between $110,000 and $124,000 last week, which has indicated that the accumulation of medium-to-large holders has been in tandem with the recent price surges.
Data by CryptoQuant also shows that the realized capitalization of newer whales, which have become active in 2025, is also skyrocketing. This trend emphasizes the nuances of change in the market, with new large investors being injected and old whales having slowed down their trading activities.
BTC Price Technical Outlook
At the time of writing, the Bitcoin price was close to $122,000 and its daily volume stands at over $79 billion. The BTC can be seen on the 4-hour chart as being in a rising wedge, with the resistance being tested at around $126,000. The momentum indicators show bearish divergence on the RSI, which is a lack of buying power even at the increased price levels.
Analysts observed that the second important resistance is around $128,000, and there are liquidity groups lower than the existing levels that can lead to momentary volatility. Open interest in the futures remains on the rise, meaning that more people are buying it in anticipation of a potential big move.
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