GameStop Transfers 2,396 BTC to Coinbase Prime, Sparking Sale Speculation

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 23 2026

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Bitcoin Transfer: In January 2026, GameStop transferred 2,396 BTC to Coinbase Prime, representing approximately 51% of its Bitcoin reserves, which has sparked speculation about a potential sale and could lead to price volatility.
Market Reaction: Following the news, Bitcoin's value dropped below $90,000, raising concerns about GameStop's future cryptocurrency strategy, with analysts noting that such transfers often precede asset rebalancing or liquidation strategies.
Strategic Context: GameStop initially acquired 4,710 BTC for its treasury in 2025, and this transfer aligns with corporate strategies seen in companies like MicroStrategy, indicating significant movements in its cryptocurrency approach.
Regulatory Scrutiny: Expert analysis suggests that this transfer may attract regulatory attention, and while GameStop has not confirmed any sale plans, the market remains highly attentive to its next moves.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC). As of , Bitcoin (BTC) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.

Support, Resistance & Moving Averages. From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	59170.615	62144.308	65035.615	68009.308	70900.615	73874.308	76765.615
Fibonacci	62144.308	64384.738	65768.878	68009.308	70249.738	71633.878	73874.308

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

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.

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