<ul data-eligibleForWebStory="false"><li>Two whale wallets sent over 870 BTC to Coinbase shortly after Bitcoin hit a new all-time high, sparking bearish speculation.</li><li>Despite the whale transfers, Bitcoin experienced net outflows of $109M on July 10, suggesting accumulation rather than selling.</li><li>Over $1.2B in crypto positions were liquidated, with shorts contributing over $1B, indicating the largest short-squeeze of 2025.</li><li>The whale movements to Coinbase were substantial, with one address sending $57M worth of BTC and another sending $51M, but overall exchange flow data indicated more BTC leaving exchanges than entering.</li></ul>

Whale Wallets Send $100M in BTC to Coinbase—But Net Outflows Signal Accumulation

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