5,869 BTC were transferred from the Cold Wallet, is the Whale accumulating or just performing routine operations?

2025-12-23 16:21:39

[Coin World] On-chain monitoring detected a transfer of 5,869 Bitcoins (worth approximately $513.8 million) from a Cold Wallet of a compliance platform to a new Address. This transaction went through several intermediaries, and the final receiving Address also received two deposits of 152.611 and 50.87 Bitcoins. At the time of the announcement, the BTC price remained around $87,648, showing relative stability.

For large transfers like these, the market usually has two interpretations. One is that holders are preparing for long-term accumulation, while the other is more mundane—possibly just routine operations like internal address management or adjustments to Cold Wallet balances. Which one it is will need to be observed in future movements.

BTC0.15%

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SigmaBrain

· 12-23 16:52

It's this kind of suspenseful writing again, anyway, it always ends with "continue to observe", which is just ridiculous.

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GasFeeLady

· 12-23 16:47

nah this screams internal reshuffling to me... watched way too many whale wallets to fall for the "accumulation" bait

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MetaverseVagrant

· 12-23 16:44

A movement of 500 million USD in BTC is definitely not that simple... This operation with multiple intermediary steps looks like it's setting up a smokescreen.

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gas_fee_therapy

· 12-23 16:25

Here it comes again, over 5000 BTC moving around, is it really that idle? So many intermediaries involved, it's just ridiculous, afraid that we retail investors might notice something. Whales love to play these roundabout games, anyway, I can't see through it.

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