Bitcoin Whale Activity: 350 BTC Transfer Sparks Market Interest

New data emerges regarding a Bitcoin whale transferring 350 BTC to a centralized exchange, equivalent to approximately $37.17 million. This activity was detected on May 11, 2025, according to Lookonchain.

The whale’s Bitcoin deposit signals potential volatility, reflecting broader market trends as Bitcoin balances decline on exchanges. This behavior suggests varying strategies among large holders with possible effects on Bitcoin’s market pricing.

A whale transaction involving 350 bitcoins

Viewed as a noteworthy market event took place on May 11, 2025. This transfer, equivalent to $37.17 million, aligns with historical whale behaviors affecting market dynamics. The detection was by platform Lookonchain.

The primary action, a 900 BTC deposit valued at $93.75 million,

Contrasted with current trends of whales withdrawing Bitcoin. Lookonchain, known for blockchain analysis, noted this anomaly in whale activity on centralized exchanges.

Market analysts observe these movements cautiously, noting that last month’s Bitcoin withdrawals created expectations of price increases.

“Whales have been actively withdrawing Bitcoin from exchanges since late April 2025, indicating a supply crunch that could place upward pressure on Bitcoin prices.” — Miles Deutscher, Crypto Analyst

Significantly, the crypto market sees increased whale activities, catalyzing price movements due to reduced exchange balances. Ethereum, among other assets, witnessed effects from this activity, resulting in notable price fluctuations and broader crypto market excitement.

Future regulatory scrutiny might intensify as whale actions continue to play crucial roles in market valuations. Historical patterns indicate that such behavior frequently precedes substantial pricing changes, causing significant attention from investors and analysts.