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Bitcoin Whales Continue to Sell, Potentially Offloading 600 Billion Yen Worth of BTC in Recent Days

2026/02/17 15:22
CoinPost
Written by L.Kikutani
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Bitcoin Whales Continue to Sell, Potentially Offloading 600 Billion Yen Worth of BTC in Recent Days

No Easing of Whale Selling Pressure

As Bitcoin (BTC) attempted to recover to the 70,000 dollar mark last week, on-chain data has confirmed significant fund movements by large investors.

Whale investor Garrett Jin deposited a total of 8.9 billion dollars (approximately 1,330 billion yen) worth of BTC and Ethereum (ETH) to Binance last weekend.

According to the analysis platform Lookonchain, Mr. Jin deposited 5,000 BTC on the 14th. The following day, he moved an enormous amount of ETH, exceeding 260,000 ETH (worth about 80 billion yen), to the exchange. These large deposits at critical price points suggest a strategy to unwind positions...

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Iolite Vol.18

Iolite Vol.18

March 2026 issueReleased on 2026/01/30

Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more

MAGAZINE

Iolite Vol.18

March 2026 issueReleased on 2026/01/30
Interview: Iolite FACE vol.18 Takeshi Chino, Representative Director, Binance Japan PHOTO & INTERVIEW: Mai Shin Special Features: “Future Money — The Current State of Value Transfer” “Upcoming Amendments to Japan’s Crypto Asset Regulations” “The Reality of IEOs” Crypto Journey Beyond a Treasury Company: Becoming an Ethereum Evangelist — The Essence and Determination Behind HODL1’s Digital Asset Treasury (DAT) Strategy Interview with Hiroki Tahara, Representative Director, Kusim Inc. (now HODL1) Series: “Expert Perspectives on Interpreting Volatile Crypto Markets” — Kasou NISHI Series Tech and Future — Toshinao Sasaki …and more