20 July 2026
Whales Move $1,600,000,000 in Bitcoin and Ethereum, Indicating a Bullish Market
Crypto traders are tracking several massive Bitcoin and Ethereum transfers. According to crypto tracker Whale Alert, crypto whales have moved more than $1.6 billion in Bitcoin (BTC) and $570 million in Ethereum (ETH) over 12 hours.
The largest Bitcoin transfer of 10,000 BTC was made between custodial services firm Xapo and cryptocurrency exchange Binance. At the time of writing, this transfer is worth $394,325,100 based on a per-unit price of $39,432.
Additionally, Four other whales have moved BTC to unknown wallets, transferring roughly equal amounts of crypto in each transaction. The largest transfer among them is 7,835 BTC, and the smallest is 7,819 BTC. The others sent over 7,831 and 7,833 BTC.
CryptoQuant CEO, Ki Young Ju, is thoroughly monitoring Bitcoin whale activity and claims that the recent BTC whale transactions would be over-the-counter (OTC) deals.
“Someone is buying BTC a lot. 99% of transactions are happening outside of the exchanges. Possibly OTC deals. If big names announce their buying, bears could be in a trouble. I’m not sure about short-term price moving though.”
To date, big investors have transferred over 212,000 ETH, valued at over $570 million at the time of publication. The ETH was moved between wallets of unknown origin. The largest of these transactions was 44,016 ETH, worth $110,985,704, and another sent 40,297 ETH worth $99,897,896.
The whales also moved 34,224 ETH and another 34,224 ETH just minutes apart. A similar pattern was repeated with 30,000 ETH moving just a little over ten minutes after a 30,000 ETH transfer. None of the Ethereum transfers is heading to any known crypto exchange address, potentially to be sold on the open market.
Disclaimer: The author’s views and opinions are for informational purposes only and do not constitute financial, investment, or other advice.
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