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Bitcoin whale moves 583.23 BTC worth $37.57 million to new wallet

Bitcoin whale moves 583.23 BTC worth $37.57 million to new wallet

On-chain trackers reported another large BTC transfer from a long-held position, with the whale gradually redistributing coins to new wallets and, in some cases, to exchanges.

BTC

Fact Check
The original Onchain Lens post explicitly states 583.23 BTC (~$37.57M) was moved to a fresh wallet, matching the claim's exact figures. Three independent outlets (PANews, Odaily, BlockBeats) all cite this same source and reproduce identical numbers, dates, and accumulation history (852.469 BTC bought 8 years ago at ~$18.3K). The evidence is consistent and directly supports the claim.
Summary

A Bitcoin whale transferred 583.23 BTC, worth about $37.57 million, to a new wallet, according to PANews citing Onchain Lens. The address had accumulated 852.469 BTC about eight years earlier for roughly $15.63 million and has since been gradually splitting the holdings across new wallets, with some transfers also sent to exchanges. Separate on-chain reports also described another dormant whale moving 700 BTC after five years, including transfers of 2.319 BTC and 697.68 BTC to two specified wallet addresses; such large-wallet activity is closely watched because exchange deposits or redistribution can precede selling, although address changes alone do not confirm that intent.

Terms & Concepts
  • Bitcoin whale: A holder controlling a very large amount of BTC.
  • on-chain: Activity recorded directly on a blockchain ledger.
  • wallet address: A blockchain destination used to send or receive crypto.