SpaceX Just Moved $152 Million in Bitcoin, Are Whales Dumping?

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In an event that should surprise absolutely no one and yet somehow manages to astonish nonetheless, SpaceX has just executed a rather significant on-chain Bitcoin maneuver for the first time since the last time you forgot what was in your fridge. Yes, my dear intergalactic travelers, they’ve shuffled around a staggering 1,308 BTC, which translates roughly to approximately $152 million, into an unknown wallet — possibly labeled “DO NOT TOUCH”.

SpaceX’s Bitcoin Ballet: The Sequel

This momentous transaction unfolded at the grand hour of 13:09 (UTC+8), the very first since the thrilling days of June 2022, when they cheekily sent off 3,505 BTC to the digital vault otherwise known as Coinbase. Fear not, for SpaceX remains the proud owner of a robust 6,977 BTC — valued, rather joyfully, at around $815 million. Naturally, this little escapade has sparked wild speculation among aficionados of market drama: Is SpaceX about to dump Bitcoin like last season’s fashion? 🧐

SpaceX(@SpaceX) transferred 1,308 $BTC($153M) to a new wallet after 3 years of dormancy.

— Lookonchain (@lookonchain) July 22, 2025

As these funds remain untouched in the digital ether, some speculate that it could be a wallet reshuffle — the equivalent of rearranging your sock drawer for optimal feng shui — or perhaps an upgrade to their cold storage, which sounds much more dramatic. Once upon a time, in 2021, SpaceX roped itself into the Bitcoin adventure shortly after Tesla joyfully invested $1.5 billion. In a plot twist worthy of a space opera, Tesla later sold 75% of its BTC for a cool $936 million, presumably using the rest for interstellar travel snacks. 🍕🚀

As if that weren’t enough, SpaceX once took a $373 million nosedive in Bitcoin value between 2021 and 2022 and might have ditched some of its trove. Yet, mystery still shrouds the details as thick as the clouds of Jupiter. According to Arkham’s latest weather report, Tesla and SpaceX cumulatively wield around $2 billion in Bitcoin. How extravagant! Both entities hopped aboard at a frugal average price of $32,000 and are now comfortably lounging with a profit margin sweet enough to attract ants. 🐜

While Tesla’s Bitcoin saga has been on public display since 2021, SpaceX’s treasure chest was only recently unveiled through some detective work befitting a team of cosmic sleuths, illustrating just how quietly major firms can stash their crypto while continuing to profit over eons.

Whales Flapping About: A Tale of Profits and Panic

But hold your mermaids! Bitcoin whales have been dancing about like they just found a stash of moon rocks. On July 17, a whopping 61,000 BTC glided to exchanges in what can only be described as the grandest single-day inflow spectacle we’ve witnessed in over a year. This whirlwind of activity pulled Bitcoin down from its dizzying $123K summit to a mere $117K–$118K, which is still a lot more than we find in our couch cushions. 🛋️

Cryptoquant analysts, the statistical wizards of our time, have noted that in just a few short days, BTC inflows to exchanges ballooned nearly $17 billion, jumping from $28 billion to $45 billion between July 14 and 18. This alarming spike feels somewhat reminiscent of previous market peaks, suggesting that whales might have orchestrated their sell-off to unburden themselves of Bitcoin at the pinnacle of its newfound glory. But as all dramatic tales unfold, the daily inflows are starting to wane. If this trend continues, it could foster an environment of calm amidst the storm — a delightful possibility for those who like breathing room in their market. 🌬️💨

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2025-07-22 10:38