Massive $903 Million Bitcoin Transfer Stirs Crypto Market: What's Happening?

Bibhu Pattnaik

January 12, 2025

In a shock development in the crypto market, $903 million in Bitcoin (CRYPTO: BTC) was moved in several transactions within the last 24 hours, sparking widespread speculation about the intent behind these substantial transfers.

What Happened: The blockchain data tracker Whale Alert tracked 10 distinct high-value Bitcoin transactions. These transactions included the movement of Bitcoin between unidentified wallets and major exchanges such as Kraken, Binance, and Robinhood.

As per the data, among these transactions, 620 BTC valued at $58,495,235, 888 BTC valued at $83,875,225, and 1,027 BTC valued at $96,745,111 were transferred from Kraken to unknown wallets. Furthermore, 1,164 BTC valued at $109,706,616 were moved between unknown wallets.

🚨 🚨 🚨 620 #BTC (58,495,235 USD) transferred from #Kraken to unknown wallethttps://t.co/0YvAcenIyX
— Whale Alert (@whale_alert) January 11, 2025

Other significant transfers encompassed 600 BTC valued at $56,816,922 moved from Robinhood to an unknown wallet, 999 BTC valued at $93,643,885 sent from an unknown wallet to Binance, and 640 BTC valued at $60,789,981 and 775 BTC valued at $72,929,703 transferred from Kraken to unknown wallets.

Also Read: Analyst Warns of Bitcoin’s Uncertain Future Amid Key Support Breakdown: ‘It Could Get Ugly’

Additionally, 1,881 BTC valued at $176,504,307 and 1,003 BTC valued at $94,116,863 were moved from unknown wallets to the Kraken crypto exchange.

Why It Matters: The reasons behind these large-scale movements are still uncertain. However, deposits to exchanges could imply an intention to sell, while withdrawals could suggest buying. Over-the-counter trades outside of crypto exchanges could be another potential explanation.

At the time of writing, Bitcoin was trading at $94,568, up by almost 1% in the last 24 hours, and below its all-time high of $108,268 which reached on Dec. 17, 2024.

Elon's Next Millionaire-Making Project? - Ad

Legendary Wall Street Stock Picker Names No.1 AI Stock of 2025 - Ad

The Next Nvidia? - Ad

ABOARD A FRENCH NAVY FLIGHT OVER THE BALTIC SEA (AP) — With , the French Navy surveillance plane scouring zoomed in on a cargo ship plowing the waters below — closer, closer and closer still until the camera operator could make out details on the vessel's front deck and smoke pouring from its chimney.

What to know about Trump's buyout proposal for federal employees

President Donald Trump's administration is offering to federal employees to quickly reduce the government workforce. They don't have a long time to decide: The deadline is Feb. 6.

Elon Musk: "The Government Is Out of Control."

Elon Musk: "The Government Is Out of Control." - Ad

Elon Musk says the government is going bankrupt. Seniors are getting crushed by inflation. But there is a way you could claim a chunk of over $1 trillion in spending, courtesy of Elon Musk.

Trump's Commerce Secretary nominee, Howard Lutnick, vows to sell his business interests in 90 days

WASHINGTON (AP) — Billionaire financier Howard Lutnick, President Donald Trump's choice to lead the Commerce Department, said Wednesday that he would sell all of his business holdings within 90 days.

Hawaii wildfire victims spared from testifying after last-minute deal over $4B settlement

HONOLULU (AP) — Lawyers representing victims of a deadly Hawaii wildfire reached a last-minute deal averting a trial Wednesday to determine how to split a .

What Bill O'Reilly Said Floored Me

What Bill O'Reilly Said Floored Me - Ad

Bill O'Reilly has trusted one expert for investment advice for over 20 years... Alexander Green. Now, Alex is revealing Trump's impact on YOUR Money, like how AI technology could amplify Trump's policies and details on 3 stocks that could rise 20-fold by 2029.

A South Florida luxury condo project is planned for site where building collapse killed 98 people

SURFSIDE, Fla. (AP) — A Dubai-based developer plans to build a 12-story luxury condominium project on the South Florida site where in 2021, killing 98 people.

Microsoft reports 10% quarterly profit growth as it works to show AI investments paying off

REDMOND, Wash. (AP) — Microsoft Corp. said Wednesday that its profit for the October-December quarter grew 10% from the same time last year as it works to capitalize on the huge amounts of money it has spent to advance its artificial intelligence technology.

Alex Green Reveals The Top Trump Trades for 2025

Alex Green Reveals The Top Trump Trades for 2025 - Ad

Wharton's Jeremy Siegel says Trump is "the most pro-stock market president we've had in our history." Now, with Trump's new economic blueprint in place, Alex Green has identified a handful companies that could lead the next wave of wealth creation... And he's revealing the names and ticker symbols, free of charge.

Stock market today: Asian stocks advance ahead of the Fed's rate decision as panic over AI fades

HONG KONG (AP) — Asian stocks advanced Wednesday in thin Lunar New Year trading following a rebound on Wall Street driven by tech stocks as the panic over Chinese AI company DeepSeek faded.

Elon Musk Is 'Kind Of Glad' Many Didn't Pick Up A Tesla FSD Subscription: Here's Why

Tesla Inc CEO Elon Musk said on Wednesday that the company will likely have to update hardware for customers whose vehicles are equipped with an older version of the AI hardware called Hardware 3, for it to achieve fully unsupervised autonomous driving with full self-driving (FSD) driver assistance software.

JFK, 9/11... And Now This?

JFK, 9/11... And Now This? - Ad

Jim Rickards says we'll never forget April 11, 2025. Jim outlines a crash so terrible it may even have the power to wipe out the checking and savings accounts at your bank... Along with 40% of the market. Jim is one of America's best geopolitical analysts... All you need to know is in a quick summary of his latest book.

'Mona Lisa' will get its own room under a major renovation of the Louvre

PARIS (AP) — French President Emmanuel Macron announced Tuesday that will get its own dedicated room inside the Louvre museum under a major renovation and expansion of the Paris landmark that will take up to a decade.

NASA's 2 stuck astronauts take their first spacewalk together

CAPE CANAVERAL, Fla. (AP) — NASA’s took their first spacewalk together Thursday, exiting the International Space Station almost eight months after moving in.

Major Gold Tipping Point Predicted

Major Gold Tipping Point Predicted - Ad

Gold has already taken Wall Street by surprise... During Trump's first term, it shot up by 53%. And it has crushed the market nearly 3-to-1 since the start of the 21st century.But that's just a drop in the bucket compared to what one expert expects gold to do next... $22,227 an ounce. Why such a huge jump? Because of the three simple charts shown right here.

Moderna Stock Is Sliding Wednesday: Here's Why

Moderna Inc (NASDAQ:MRNA) shares are trading lower Wednesday after Goldman Sachs downgraded the stock. Here's what you need to know.

How DeepSeek's Breakthrough Is Changing The Landscape For Multi-Industrials

BofA Securities analyst Andrew Obin sees potential growth for multi-industrial stocks like Vertiv Holdings and Eaton Corporation amid the rise of more efficient AI technologies.

"Boring Trade" Generates $185 Every Day. Like Clockwork.

"Boring Trade" Generates $185 Every Day. Like Clockwork. - Ad

Forget cryptos, pot stocks, and other "shiny object" investments. Instead, you could collect an average of $185 every day of the year with this "boring" trade strategy Forbes magazine says is "like finding money in the street."

Mark Zuckerberg Says China's DeepSeek Did Some Novel Things 'We're Still Digesting,' But Meta May Keep Pouring Billions Into AI Infrastructure Anyway

Meta CEO Mark Zuckerberg acknowledged that China's DeepSeek made novel advancements that Meta is still evaluating but emphasized that the company will continue investing billions in AI infrastructure, seeing it as a long-term strategic advantage.

A new luxury hotel towers over Havana as Cuba's economic troubles mount and tourism plummets

HAVANA (AP) — It’s impossible to miss. The huge rectangular mass of concrete and glass — the tallest building in Havana — dominates the city skyline, towering 150 meters (490 feet) above colonial homes with its 542 luxury rooms and majestic views of the city and the sea.

Top-Secret Military Base in New Mexico Desert

Top-Secret Military Base in New Mexico Desert - Ad

Out in the New Mexico desert sits a top secret government facility... The scientists here are studying a new technology that will change the way wars are fought... Once you see this thing for yourself -- you'll know in your heart it could be coming for all of us. That's why I've taken steps to help protect myself and my family from what could be unleashed as early as April 11.

Donald and Melania Trump Memecoins Outgain Bitcoin, Ethereum Amid Market Lull -- Analyst Says TRUMP Bottomed Out At $25

President Donald Trump‘s meme coin outperformed the broader cryptocurrency market with a double-digit surge on Monday. What happened: The Official Trump (TRUMP) token surged over 10% in the last 24 hours, reaching a market valuation of $5.92 billion and a fully diluted value of $29.62 billion.

Jensen Huang's Biggest Fear Isn't AI Competitionâ€”It's Pre-Show Butterflies: How Silicon Valley's Coolest Leaders Like Mark Zuckerberg And Elon Musk Are Gripped With Stage Fright

Nvidia CEO Jensen Huang, along with other tech leaders like Elon Musk, Mark Zuckerberg, and Warren Buffett, has openly admitted to struggling with public speaking despite their public personas and professional success.

Bill Gates' Next Big AI Bet: Stargate Could Be a Game-Changer

Bill Gates' Next Big AI Bet: Stargate Could Be a Game-Changer - Ad

Jeff Brown, the tech expert who predicted Bitcoin, Nvidia, and Tesla, reveals Bill Gates' new AI project, Stargate. Could this be the next big AI breakthrough?

Japanese automaker Nissan says it plans job and production cuts in the U.S.

TOKYO (AP) — Nissan is slashing production at its U.S. plants and offering buyouts to factory workers there as part of the Japanese automaker’s urgent efforts to return to profitability.

Dubai International Airport, busiest for world travel, sees record 92.3 million passengers in 2024

DUBAI, United Arab Emirates (AP) — Dubai International Airport, the world's busiest for international travel, saw a record 92.3 million passengers pass through its terminals in 2024, officials announced Thursday.

Warren Buffett's Investing Partner's Shocking Final Move

Warren Buffett's Investing Partner's Shocking Final Move - Ad

Before he passed away, Charlie Munger, Warren Buffett's investing partner of 60 years, was rumored to have quietly made one final investment... Up until now, it has remained hidden from the public. It's potentially the smartest, most profitable, and most under-valued AI investment you can make today.

Hong Kong's snake soup is slithering away but still simmers in a decades-old kitchen

HONG KONG (AP) — As Hong Kong prepares to welcome the Year of the Snake on Wednesday, Chau Ka-ling displays a moving serpent with practiced ease, holding it like a pet in her decades-old restaurant in the city.

Czech Central Bank Considering 5% Bitcoin Reserve

The Czech National Bank (CNB) could become the first Western central bank known to allocate a portion of its reserves to Bitcoin (CRYPTO: BTC).

My TOP Altcoin for Right Now Is...

My TOP Altcoin for Right Now Is... - Ad

Searching for the top investment opportunity in crypto? Look no further. Our $3 report gives you the full scoop. You'll get this exciting token's name, our recommended investment strategy, and growth projections. Time is of the essence with this one...

Dan Ives Expects Meta And Microsoft To Stand Firm On $60 - $80 Billion AI Spending Plans Amid DeepSeek's Disruptive AI Model

Wedbush Securities analyst Dan Ives expects Meta Platforms Inc. and Microsoft Corp. to stand firm on their ambitious artificial intelligence spending plans during their upcoming earnings calls, despite recent market jitters over Chinese AI startup DeepSeek's emergence.

Bitcoin, Ethereum, Dogecoin Recover As DeepSeek Troubles Mount For US Tech Stocks: Analyst Suggests BTC Could Hit Fresh Highs Over Upcoming Two Weeks

Leading cryptocurrencies pared early losses on Monday as DeepSeek concerns weighed on risk-on markets.

2025's No. 1 Trump Era Trade

2025's No. 1 Trump Era Trade - Ad

Elon Musk is warning about a major shortage we will face in 2025. Trump is targeting one specific resource as the solution to the problem. One American company is virtually the only company set up to solve this situation... generating billions in sales.

Despite chaos over Trump White House's funding pause, FAFSA forms and student loans still available

A temporary freeze imposed briefly this week by the White House on federal grants and loans left many students wondering about the impact to the used to apply for financial aid.

Trains canceled across Bangladesh as rail union goes on strike

DHAKA, Bangladesh (AP) — Trains were canceled across Bangladesh on Tuesday as railway staff went on strike for higher pensions and other benefits, affecting tens of thousands of passengers and freight transport.

Alex's Mystery Guest Makes Shocking Trump Revelation

Alex's Mystery Guest Makes Shocking Trump Revelation - Ad

Over the next 4 years, Trump is about to create something extraordinary. A real chance for everyday Americans to build serious wealth... wealth that would dwarf what we saw in his first term. We're talking about a potential economic transformation that could mint 20 million new millionaires. Put everything else aside and watch this special event right now.

Firings, freezes and layoffs: A look at Trump's moves against federal employees and programs

CHAPIN, S.C. (AP) — Changeover among federal government agencies is normal when a new administration comes to Washington. But President has implemented in the first days of his second administration, from firing career agency employees to freezing trillions in federal grant funds and halting diversity, equity and inclusion programs that could result in wide-ranging layoffs.

Stock market today: Asia shares mostly rise while some regional markets stay closed for holidays

TOKYO (AP) — Asian shares mostly rose Thursday after the U.S. Federal Reserve opted for the first time since it began trying to help through easier rates in September.

More AI Patents Than Nvidia, OpenAI and Tesla Combined?

More AI Patents Than Nvidia, OpenAI and Tesla Combined? - Ad

Most people have no idea this company exists. That's because it's on the inside of your smartphone, your computer, and everything else... 99% of Americans don't even know its name. Billionaires have been buying this $50 AI stock hand over fist...

Teva's Duvakitug Set To Shake Up IBD Treatment, Analyst Highlights Competitive Data

Piper Sandler analyst maintains an Overweight rating on Teva, citing positive feedback on duvakitug's potential in treating IBD.

Trending Now