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According to on-chain data, a massive new Bitcoin whale has emerged following the move of 1,300 BTC to a fresh new wallet. According to Whale Alert, "1,300 BTC worth $133,718,542 was transferred from unknown wallet to unknown new wallet" in recent hours.
A similar trend was noticed across the markets in the last 24 hours, with Lookonchain reporting that a newly created wallet withdrew 400 BTC worth $41.2 million from Binance. Withdrawals from exchanges signal to buy, while deposits imply an intent to sell.
Bitcoin (BTC) surged to intraday highs of $103,368 on Tuesday, sparking advances across the crypto market after breakthroughs from China's DeepSeek caused a sharp drop in U.S. indexes on Monday, triggered by fears over the overvaluation of its AI investments.
Tomiwabold OlajideAt the time of writing, BTC was up 4.10% in the past 24 hours to $102,881, easing losses from Monday, which saw over $1 billion in futures liquidations.
While the proportion of wealth held by new Bitcoin investors continues to rise, Glassnode notes that at 50.2%, the proportion of wealth held by new Bitcoin investors (within the last 24 hours to three months) is much lower than levels recorded during past ATH cycle highs: peaks in 2018 and 2021 were 85% and 74%, respectively.
Bitcoin gaining attention
Bitcoin, the most valuable cryptocurrency by market capitalization, continues to draw attention from both individual and institutional investors.
According to a recent weekly report by CoinShares, digital asset investment products witnessed inflows of $1.9 billion last week, with Bitcoin accounting for the majority of this figure.
Bitcoin received $1.6 billion in inflows, raising the year-to-date total to $4.4 billion and accounting for 92% of all inflows in the digital asset sector.
However, this is offset by recent outflows from Bitcoin and Ethereum ETFs. In a recent tweet, CoinShares' head of research, James Butterfill, stated that yesterday's market fall sparked by DeepSeek caused investors to panic, resulting in $442 million and $99 million in outflows from Bitcoin and Ethereum, respectively.
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
Gamza Khanzadaev
Dan Burgin
Vladislav Sopov