Bitcoin Whale Sells 95 BTC Worth $7.3M via OTC Deal, Data Shows

BitcoinWorld

Bitcoin Whale Sells 95 BTC Worth $7.3M via OTC Deal, Data Shows

An anonymous Bitcoin whale address, beginning with 1279iP, appears to have sold 95 BTC — worth approximately $7.32 million — through an over-the-counter (OTC) trade roughly two hours ago, according to blockchain tracking platform Onchain Lens. The transaction comes as Bitcoin trades at $77,564.92, down 1.6% over the last 24 hours, per CoinMarketCap data.

What the Onchain Data Shows

Onchain Lens, which monitors large cryptocurrency movements, flagged the transfer from the whale address. While the exact counterparty remains unknown, OTC deals are typically conducted off-exchange to avoid significant market impact. This method is often used by large holders to liquidate positions without triggering slippage or drawing attention on public order books.

The address in question has been active in recent months, though its full transaction history is not fully public. The sale represents a notable position reduction, but it is not among the largest whale movements seen this year. For context, earlier in 2025, several addresses moved sums exceeding $50 million in single transactions.

Why It Matters to Bitcoin Investors

Large-scale selling by whales can signal shifting sentiment among high-net-worth holders. However, OTC trades are often pre-arranged and may not directly reflect bearish outlooks — they can also indicate institutional rebalancing or over-the-counter buying by another party. The 1.6% price dip aligns with broader market volatility, and Bitcoin has been range-bound between $75,000 and $80,000 over the past week.