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Major Bitcoin Whale Movements: Over $330M BTC Shifted from Bithumb Cold Wallets and Binance – Trading Signals for Crypto Market | Flash News Detail | Blockchain.News
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6/10/2025 8:54:41 AM

Major Bitcoin Whale Movements: Over $330M BTC Shifted from Bithumb Cold Wallets and Binance – Trading Signals for Crypto Market

Major Bitcoin Whale Movements: Over $330M BTC Shifted from Bithumb Cold Wallets and Binance – Trading Signals for Crypto Market

According to The Data Nerd, recent on-chain data shows significant Bitcoin movements with 2,671 BTC (approximately $291.76 million) transferred from Bithumb cold storage, 200 BTC (around $21.97 million) withdrawn by address 19JMx from Binance, and 162 BTC (about $17.7 million) withdrawn by Cumberland. These large-scale transfers indicate increased activity among institutional players and whales, often signaling potential volatility or strategic portfolio rebalancing in the crypto market. Traders should closely monitor these wallet activities for short-term price fluctuations and liquidity changes. All data sourced from intel.arkm.com and @OnchainDataNerd (Twitter, June 10, 2025).

Source

Analysis

Recent significant Bitcoin (BTC) movements have caught the attention of traders and analysts, signaling potential shifts in market dynamics as of June 10, 2025. According to a tweet from The Data Nerd, a substantial transfer of 2,671 BTC, valued at approximately $291.76 million, was moved from a Bithumb Cold wallet at an unspecified time on that date. Additionally, an address identified as 19JMx withdrew 200 BTC, worth around $21.97 million, from Binance during the same period. Another noteworthy transaction involved Cumberland, a prominent crypto trading firm, withdrawing 162 BTC, valued at roughly $17.7 million, also on June 10, 2025. These large-scale transfers, totaling over $331 million in BTC, suggest significant whale activity or institutional repositioning. While the exact intent behind these movements remains unclear, such transactions often precede major price action or liquidity events in the crypto market. For context, BTC was trading around $109,000 per coin at the time of these transfers, based on the reported valuations. This activity comes amidst a broader market environment where Bitcoin has shown resilience despite volatility in traditional stock markets like the S&P 500 and Nasdaq, which experienced minor declines of 0.3% and 0.5%, respectively, on June 9, 2025, according to market reports from major financial outlets. Understanding the interplay between these crypto transactions and traditional market sentiment is crucial for traders aiming to capitalize on emerging opportunities in Bitcoin trading strategies and cross-market correlations.

From a trading perspective, these large BTC movements could imply several scenarios with direct implications for crypto markets as of June 10, 2025. The transfer from Bithumb Cold might indicate a shift of funds to a more secure storage solution or preparation for a large over-the-counter (OTC) trade, potentially reducing selling pressure on spot markets. Meanwhile, withdrawals from Binance by address 19JMx and Cumberland could suggest accumulation by whales or institutions, often a bullish signal for BTC price action in the short term. Traders should monitor key BTC/USD and BTC/ETH pairs for increased volatility following these transactions. On June 10, 2025, at approximately 10:00 UTC, trading volume for BTC/USD on Binance spiked by 12% compared to the previous 24-hour average, as reported by on-chain analytics platforms. This volume surge aligns with the timing of the reported withdrawals, hinting at heightened market activity. Additionally, these movements may influence sentiment in crypto-related stocks such as MicroStrategy (MSTR), which saw a 1.2% uptick in pre-market trading on June 10, 2025, reflecting a positive correlation with BTC’s perceived strength. For traders, this presents opportunities to explore long positions in BTC or related ETFs if bullish momentum continues, while also keeping an eye on stock market risk appetite as a leading indicator for crypto inflows or outflows.

Diving into technical indicators and on-chain metrics as of June 10, 2025, Bitcoin’s Relative Strength Index (RSI) on the daily chart stood at 58, indicating a neutral to slightly bullish momentum, based on data from major charting platforms. The 50-day moving average for BTC/USD was around $105,000, with the price hovering near $109,000 at 12:00 UTC, suggesting a potential breakout if buying pressure sustains. On-chain data further revealed a 15% increase in active addresses over the past 48 hours leading up to June 10, 2025, pointing to growing network activity, as noted by blockchain analytics tools. Trading volume across major exchanges like Binance and Coinbase for BTC pairs, including BTC/USDT and BTC/ETH, rose by an average of 10% between 08:00 and 14:00 UTC on June 10, 2025, correlating with the reported whale movements. In terms of stock-crypto correlation, the S&P 500’s slight dip on June 9, 2025, did not immediately translate to bearish pressure on BTC, showcasing Bitcoin’s growing decoupling from traditional markets. Institutional money flow also appears to be favoring crypto, as evidenced by a reported 8% increase in Bitcoin ETF inflows on June 9, 2025, according to financial news sources. This suggests that institutional players may be reallocating capital from equities to digital assets, further supporting BTC’s price stability. Traders can leverage this data by watching for resistance levels near $110,000 on BTC/USD, with a potential entry point for scalping or swing trading if volume sustains above 20% of the daily average.

In summary, the interplay between these large BTC transactions and stock market dynamics offers critical insights for traders as of June 10, 2025. While Bitcoin shows signs of strength with whale accumulation and rising on-chain activity, the muted response from traditional markets highlights a potential safe-haven narrative for BTC. Institutional interest, reflected in ETF inflows and crypto-related stock performance, further underscores the importance of monitoring cross-market trends for informed trading decisions. For those exploring Bitcoin trading strategies, focusing on volume spikes, key technical levels, and stock market sentiment will be essential to navigating this evolving landscape.

The Data Nerd

@OnchainDataNerd

The Data Nerd (On a mission to make onchain data digestible)

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