Bitcoin Whale Withdraws $128M From OKX — Is a Major Market Move Brewing?

The crypto scene is heating up as a major Bitcoin whale just yanked 1,500 BTC—worth over $128 million—off OKX in three hefty 500 BTC chunks. Data from Lookonchain reveals that this whale has been shuffling BTC back and forth between OKX and their wallet for months, likely testing waters before a long-term move.

Bitcoin Whale Move Sparks Market Buzz

With Bitcoin trading nearly 22% below its January all-time high of $109,114, seasoned investors seem to be diving in, sensing a golden “buy-the-dip” moment.

Bitcoin Whale
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This isn’t a solo act. Whale activity has surged across BTC, ETH, and SOL in recent weeks—right after crypto markets took a hit during the Trump-led tariff shakeup. The turmoil triggered a rush of large holders moving funds to cold storage, dodging exchange risks like hacks and regulatory heat.

Historically, these whale movements signal prep for big plays, often ahead of price catalysts. Some whales are cashing out, while others are stacking coins. In either case, the chessboard is being set.

The big question: are they anticipating a market rally or bracing for impact?

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Sahil Poudel

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