Large Bitcoin transfers continue; SpaceX transfers over $94 million to Coinbase

DYORMaster · 2026-01-13T09:18:59+00:00

Large transfers of cryptocurrency on the blockchain have surged, notably a 1021 BTC ($94.48 million) transfer linked to SpaceX. Additionally, wallets associated with Silk Road are active, moving around $3 million in Bitcoin. These trends may impact market liquidity and trading decisions.

DYORMaster

2026-01-13 09:18:59

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Large Movements of Cryptocurrency on the Blockchain Are Surging

A wallet related to SpaceX transferred 1021 BTC (approximately $94.48 million) to Coinbase Prime, confirmed by blockchain analysis firm Lookonchain. Such large transfers attract market participants’ attention and are being closely watched as institutional-level fund movement patterns.

At the same time, Bitcoin wallets linked to Silk Road are also showing active activity. Approximately $3 million worth of Bitcoin has been newly moved from a wallet believed to be associated with its founder, Ross Albricht. According to Coinbase director Connor Glogan, these transactions originated from wallets linked to Albricht and are recorded as traceable on-chain data.

Asset Scale and Market Impact

As of January 2025, records show that the Silk Road-related wallet held about 430 BTC (valued at $47 million). Such large cryptocurrency transfers can have subtle effects on market liquidity and price formation.

Currently, Bitcoin is trading around $92,380, and the movement of funds between these large wallets could influence traders’ buying and selling decisions. Investors and researchers utilizing blockchain analysis tools are continuously monitoring these series of movements to interpret changes in market sentiment.

BTC3,38%

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