Whales Withdraw 3,078 BTC From OKX and BitGo in 5 Days
Two-figure wallets withdrawing nearly $200M from exchange-controlled custody inside a single week is the kind of flow pattern that historically precedes multi-week spot accumulation phases.
Bitcoin (BTC) is the first decentralized cryptocurrency, introduced in 2009 by an individual or group operating under the pseudonym Satoshi Nakamoto. It runs on its own blockchain, the Bitcoin network, secured through a Proof of Work consensus mechanism in which miners use computing power to validate transactions and produce new blocks roughly every ten minutes. The protocol defines a hard cap of 21 million coins, and the block reward given to miners is automatically halved approximately every four years, embedding a predictable, disinflationary issuance schedule into the network. This scarcity, combined with permissionless access and resistance to censorship, has led many to characterize Bitcoin as a form of digital gold or a store of value distinct from traditional fiat currencies. Beyond peer-to-peer transfers, the Bitcoin ecosystem has expanded to include Ordinals, a method of inscribing data onto individual satoshis that enables NFT-like assets directly on the base layer, and BRC-20, an experimental fungible token standard built on those inscriptions. Emerging Bitcoin Finance (BTCFi) initiatives extend these capabilities further, allowing BTC to be used in staking, lending, and cross-chain security applications, positioning Bitcoin as a foundation for a broader decentralized financial ecosystem.
Two-figure wallets withdrawing nearly $200M from exchange-controlled custody inside a single week is the kind of flow pattern that historically precedes multi-week spot accumulation phases.
May CPI prints more than double the Fed's target, lifting rate-hike odds and pinning Bitcoin to a range while 90% of altcoins lose the liquidity bid that fueled the last cycle.
Iran has announced a full shutdown of the Strait of Hormuz following US military strikes, in a move that threatens to…
Bitwise Chief Investment Officer Matt Hougan has flagged a notable shift in where financial advisors are directing…
Senator Cynthia Lummis is calling out a geopolitical gap in Bitcoin strategy, warning that foreign governments are…
Gold suffered a historic single-session wipeout on Monday, shedding $1.1 trillion in market capitalization — one of the…
A widely-shared video argues BTC just printed the same higher-low-into-May pattern as 2018, with the cycle's final 50% capitulation still missing — and Q4 in its sights.
A potential SpaceX IPO is drawing attention as a macro headwind for Bitcoin, with analysts flagging that a blockbuster…
CryptoQuant's demand proxy has slipped into a percentile that historically marks seller control — and the analyst reading the chart says it looks more like the start of a final shakeout than a…
The reading matches prior cycle bottoms in 2015, 2019, 2020, and 2022 — and historically, total crypto market cap has been higher 100% of the time three months and one year later.
On-chain analytics firm CryptoQuant has identified a potential Bitcoin price floor near $53,600, citing demand…
The campaign lands a week after HM Treasury told banks not to restrict FCA-authorised firms — turning a policy statement into a public pressure test against nine high-street names blocking or capping…
826 $BTC (≈51.3M) moved from Coinbase Institutional to unknown new wallet.
Crypto advocates in the United Kingdom are pushing back against restrictions imposed by major banks on transfers to…
A May 18 Citi note and a Google Quantum AI paper converge on the same conclusion: bitcoin's governance moves too slowly to outrun a Shor's algorithm attack that could derive a private key in under 10…
More than 30 firms — Coinbase, Stripe, Adyen, Ripple, OKX — joined day one, with agent credentials recorded on Polygon, Solana and Base as the network stakes its claim on agentic commerce.
CNBC's Jim Cramer claimed on air that Bitcoin and gold are being sold off as investors liquidate positions to fund…
Fold, the Bitcoin-focused fintech company, disclosed a $45 million Bitcoin sale that allowed it to fully pay off its…
The AI's call frames the slide to $61K as a painful reset inside the post-halving bull cycle — not a top — with a $100K retest still on the table into late 2026 if ETF flows and liquidity re-engage.
The 4.2% headline print matched consensus, easing the immediate rate-hike overhang and letting BTC defend the $60,000 floor — but core inflation ticked up to 2.9%, keeping the Fed debate unresolved.
Bitcoin is the world's first decentralized cryptocurrency, created in 2009 by the pseudonymous Satoshi Nakamoto.
Bitcoin (BTC) launched on 2009-01-03.
Bitcoin (BTC) is categorised as: Smart Contract Platform, Layer 1 (L1), FTX Holdings.
The official Bitcoin site is http://www.bitcoin.org.
Most recent Bitcoin coverage: "Whales Withdraw 3,078 BTC From OKX and BitGo in 5 Days" — read at /en-US/a/whales-pull-190m-in-btc-from-okx-and-bitgo-in-5-days.