The volatility in the cryptocurrency market remains high, even as U.S. markets were closed for the holiday. Recent regulatory activities, including the implementation of tariffs, continued to provoke market instability. Amid these developments, a major movement by one of the oldest Bitcoin 
$77,710 whales signaled significant concerns among investors, shaking up the crypto space.
Bitcoin Whale Movements
For some time, Bitcoin whales have been silently stirring fear in the market. While institutional purchases for ETFs and reserves were encouraging, there remains a flip side of the coin. Not all early Bitcoin whales have forgotten their wallet keys or passed away. A few are biding their time, ready to sell at an opportune moment.
Recently, we witnessed a significant action by one such whale, dormant since 2011, who transferred 40,000 BTC. Through four distinct transactions, these assets, valued at approximately $4.5 billion, were moved to unknown addresses.
The transfer, executed in parts, is ongoing as of this article. Approximately 50,000 BTC worth $5.5 billion have been moved thus far. Observers are closely monitoring the on-chain movements to determine the ultimate fate of these Bitcoins.
Currently, these assets are distributed to unknown wallets and have not been moved to any exchanges. Arkham has not yet tagged this whale. It is possible that the addresses receiving the transactions could belong to ETF issuers or major exchanges, or that the whale is consolidating assets across different addresses. It might also be an OTC transaction delivering Bitcoins to buyers. Clarity is expected in the coming hours.
BTC ETF Data
Despite the partial U.S. market closure, net inflows continued. Bitcoin saw over $600 million in inflows, as investors anticipated a resolution to the tariffs. U.S. and EU discussions are coming to a critical juncture by the weekend. While the EU Trade Commissioner was expected to discuss this in the U.S., there has been no official announcement yet. Negotiations likely continue behind closed doors.
Ethereum 
$2,317 ETFs also experienced significant inflows yesterday, unprecedented over the past month. The net inflow reached $148.5 million.
Additionally, the relatively new Solana 
$86 ETF saw $11.4 million in net inflows reported yesterday. Observing these entries in the upcoming week promises to be intriguing.
