Bitcoin Miner Moves 2,000 BTC to Coinbase, Valued at Nearly $200 Million
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Jan 11 2026- Whale Transfer: A Bitcoin miner moved 2,000 BTC to Coinbase after holding for 15 years, valued at nearly $200 million, indicating a trend of early holders selling off amid market volatility, which may exacerbate instability.
- Market Dynamics: Whale holdings have dropped to 3 million BTC since late 2024, indicating a trend of large-scale sell-offs, raising concerns among market analysts about potential impacts on Bitcoin's price stability.
- Transaction Background: The transferred Bitcoin was stored in 40 separate P2PK addresses, showcasing the original method of Bitcoin address usage, reflecting the contrast between historical behaviors of market participants and current trends.
- Price Volatility: Bitcoin's price exceeded $126,000 in early 2025 but fell 30% to around $86,000 by mid-December, with whale selling behavior closely linked to changes in ETF demand, leaving future market expectations uncertain.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
