According to a report from Whale alert2,501 Bitcoin (BTC) About $256.4 million worth was transferred to Coinbase International, a subsidiary of a major US cryptocurrency exchange. Little to no details are known about the sudden transfer of more than a quarter of a billion bitcoins.

For example, the receiving address “bc1q5y” was activated only a week ago and showed no significant activity until another unknown address “bc1qe2n7” deposited 2,502 BTC.

There were some overlaps with the Coinbase Prime address, which may indicate that the wallet in question is not an individual investor but some type of entity. Furthermore, the wallet that deposited the “bc1q5y” tokens still contains 10,115 Bitcoin, equivalent to $1.05 billion.

Why is such a deal important? Opinions are divided. Concerns about a sell-off are often raised when a transfer of this size occurs on a major exchange. The logic is simple: there may be a large, unknown owner who intends to sell his shares Bitcoin For fiat currencies or other assets, which may put pressure on the price.

This unusual activity comes just before the weekend, and is also suspicious. Trading volumes appear to drop on Saturday and Sunday, making any large movement on and off the exchange more impactful. If someone buys or sells a quarter of a billion bitcoins on Saturday, the consequences will appear on the price chart without scrutiny.

We also have something unusual to look forward to on Monday as the new US administration takes over the country. with Bitcoin Testing a key price resistance level at $104,000 and with such weak days ahead, this move may make more sense than it seems at first glance.