TLDR:
Whale 19D5 transferred 3,003 BTC to Binance in 48 hours, worth around $335 million at current prices.
The entity also moved 651 BTC to Hyperliquid, maintaining a $140 million short position against Bitcoin.
19D5’s total holdings have dropped from over 100,000 BTC to around 39,000 BTC as selling continues.
Analysts are tracking the whale’s trades, often timed near Bitcoin’s price swings on major exchanges.
The crypto market is watching closely as the long-active Bitcoin whale known as “19D5” resumes heavy selling. Over the past 48 hours, this wallet has transferred thousands of BTC to major exchanges, triggering speculation across trading circles.
Traders are monitoring her every move, as her activity often precedes sharp shifts in the Bitcoin market. The whale, previously known for switching from BTC to ETH earlier this year, has once again turned heads with aggressive short positions.
According to on-chain data shared by analyst @Darkfost_Coc, the wallet sent about 3,003 BTC, valued near $335 million, to Binance. The transfers came in several batches between October 22 and 24. This activity revived discussions about whether the entity has early insight into market moves, given the precise timing of her trades.
Bitcoin Short Positions Grow as Transfers Continue
Beyond the Binance moves, 19D5 also sent another 651 BTC to Hyperliquid, the derivatives platform where she continues to short Bitcoin. Her open position currently stands around $140 million, according to the same source.
The transfers signal continued bearish positioning while maintaining large leverage exposure to downside moves.
The whale’s final transfer involved 100 BTC to Kraken, further spreading liquidity across top exchanges. Market watchers interpret these moves as preparation for more active trading phases, possibly ahead of expected price volatility.
Each time this entity engages in heavy selling, short-term fluctuations in BTC’s price tend to follow.
From 100,000 BTC to 39,000 BTC: The Decline in Holdings
Once holding over 100,000 BTC, 19D5 now holds about 39,000 BTC. The steep decline in her reserves suggests ongoing liquidation of long-term holdings.
While many whales sit tight during uncertain markets, 19D5 has repeatedly taken contrarian bets, often moving against broader sentiment.
Her trading behavior has become a reference point for on-chain analysts and day traders alike. Each move sparks waves of discussion about potential insider awareness or advanced market models guiding her trades.
For now, the focus remains on whether these recent transfers could foreshadow another Bitcoin correction.
