2000 BTC whale large transfer to exchange, facing huge loss pressure

PriceOracleFairy · 2026-01-21T15:10:10+00:00

Recently, a BTC whale address bc1q8g transferred 2,000 bitcoins purchased three months ago to a major exchange. Due to the market price decline, its assets have shrunk by $40.8 million. This move may indicate rebalancing or waiting for a better selling point, and future developments are worth watching.

PriceOracleFairy

2026-01-21 15:10:10

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【Blockchain Rhythm】On-chain data shows that a well-known BTC whale (address bc1q8g) has just made a new move. This whale purchased 2,000 Bitcoins three months ago at a cost of $109,759 per coin, with a total investment of $219.5 million. On January 21, it transferred this large position to a wallet of a major exchange.

This doesn’t sound very good. The market value of these 2,000 BTC has now dropped to $178.7 million, a loss of $40.8 million compared to the purchase price. If the whale actually sells at this point, it would mean locking in a significant loss. However, it’s also possible that it is just reallocating or waiting for a better price. Large on-chain transfers often serve as market signals, and the whale’s next move is worth watching.

BTC1,03%

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