Bitcoin Transaction Worth Over $52 Million Shocks Coinbase as BTC Price Surpasses $105,000

U.Today — One of the largest Bitcoin transactions in recent memory was spotted by Whale Alert, a platform that tracks large-volume transactions on the blockchain. A whopping 509 BTC, worth $52,933,217, was transferred to Coinbase Institutional — the institutional arm of the largest cryptocurrency exchange in the United States.

The transaction occurred just hours before Bitcoin surpassed $105,000, marking a gain of about 1.5% on the day, moving closer to its all-time high of $109,100 set in January.

Major Transaction Amid Market Recovery
A multi-million dollar cryptocurrency transfer from an unknown wallet to a Coinbase Institutional address has sparked speculation that it could be a pre-sale transaction. Historically, such transactions have often put pressure on the market as BTC supply increases on major exchanges.

However, this time around, the market has reacted positively. Bitcoin has not fallen but continued to rise strongly, reinforcing investors' confidence in the current uptrend.

Market Drivers: Politics and Interest Rates
According to data from Santiment, Bitcoin's recent surge is partly due to positive signals on the global geopolitical and financial front. The US and China have just reached a preliminary trade deal, easing tensions after the US imposed 150% tariffs on Chinese goods. Although the official information is still pending from President Trump, the market has reacted strongly.

At the same time, the decision of the US Federal Reserve (Fed) to keep interest rates unchanged last week is also seen by investors as a catalyst supporting the upward trend of Bitcoin and the financial market in general. The stock market is currently "covered in green", while altcoins such as Ethereum also increased to more than $ 2,500.

Coinbase (COIN): Bull or Bear Market?
Amid strong institutional inflows and supportive macro factors, Coinbase's COIN stock is becoming the focus of investors.

The ProPicks AI analysis platform has put COIN in its sights when identifying impressive growth trends this year. With outstanding performance, the AI system has identified many stocks with increases of more than 150% and a diverse portfolio from technology stocks, S&P to Mid Cap.

If you have been following COIN or the crypto market in general, this could be the time to proactively make investment decisions and get ahead of the next big opportunity.