Bitcoin Miner Moves 2,000 BTC to Coinbase, Valued at Nearly $200 Million

Written by Ohris M. Greyoon, Blockchain & Crypto Expert

Source: Coinmarketcap

Updated: Jan 11 2026

Should l Buy BTC?

Whale Transfer: A Bitcoin miner moved 2,000 BTC to Coinbase after holding for 15 years, valued at nearly $200 million, indicating a trend of early holders selling off amid market volatility, which may exacerbate instability.
Market Dynamics: Whale holdings have dropped to 3 million BTC since late 2024, indicating a trend of large-scale sell-offs, raising concerns among market analysts about potential impacts on Bitcoin's price stability.
Transaction Background: The transferred Bitcoin was stored in 40 separate P2PK addresses, showcasing the original method of Bitcoin address usage, reflecting the contrast between historical behaviors of market participants and current trends.
Price Volatility: Bitcoin's price exceeded $126,000 in early 2025 but fell 30% to around $86,000 by mid-December, with whale selling behavior closely linked to changes in ETF demand, leaving future market expectations uncertain.

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Technical Analysis for BTC

Technical Sentiment Analysis for Bitcoin (BTC) As of , Bitcoin (BTC) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for BTC stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, BTC is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.

Bitcoin (BTC) Support & Resistance Level

Name	S3	S2	S1	Pivot Points	R1	R2	R3
Classic	36391.603	48195.801	61127.353	72931.551	85863.103	97667.301	110598.853
Fibonacci	48195.801	57644.858	63482.495	72931.551	82380.608	88218.245	97667.301

About BTC

Bitcoin is a decentralized cryptocurrency originally described in a 2008 whitepaper by a person, or group of people, using the alias Satoshi Nakamoto. It was launched soon after, in January 2009.Bitcoin is a peer-to-peer online currency, meaning that all transactions happen directly between equal, independent network participants, without the need for any intermediary to permit or facilitate them. Bitcoin was created, according to Nakamoto’s own words, to allow “online payments to be sent directly from one party to another without going through a financial institution.”Some concepts for a similar type of a decentralized electronic currency precede BTC, but Bitcoin holds the distinction of being the first-ever cryptocurrency to come into actual use.

About the author

Ohris M. Greyoon

Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.

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