SpaceX has transferred 2,495 Bitcoin, which is worth about 268.47 million dollars, to two new blockchain addresses after three months of wallet inactivity. SpaceX (@SpaceX) has transferred 2.49K $BTC, worth $268.47M, to a new address after being dormant for 3 months.– 1.197K $BTC to bc1qq787– 1.298K $BTC to bc1qj7enhttps://t.co/sHZdsBsJor pic.twitter.com/fqMDO8A0wA— Onchain Lens (@OnchainLens) October 21, 2025 On-chain data says that 1,197 BTC were transferred to address bc1qq787 and 1,298 BTC were transferred to address bc1qj7en. The two wallets are silent post-transfer, and no indication of subsequent transfers is evident, and thus the transfer was possibly done to move internal assets but not an external sale. It is one of the most notable on-chain transfers of SpaceX in 2025 and shows that the company still holds a substantial position in the asset. SpaceX’s Bitcoin Holdings Remain Substantial Prior to the recent transfer, SpaceX had 8,285 BTC in its primary wallet, valued at the tune of roughly $893 million. Even after the transfer, a large portion of its Bitcoin remains dormant, indicating a long-term holding. At the same time, Bitcoin stands at a price of $107,600, and it is struggling to break a resistance level of about $114,000. Bitcoin has not yet been able to overcome the resistance zone and is currently consolidating at important support levels. Market Sentiment and Institutional Activity In the overall market, Bitcoin Spot ETFs managed to record net outflows of 372 BTC on October 21, indicating weak cooling of a highly volatile week. The trading volume has been stagnant at 61 billion, although this is a 2.8% decrease from that of the previous day, showing reduced speculative activity. According to the technical indicators, Bitcoin is hovering around the support level of approximately $99,000 to $101,000, while the EMA 50 stands at $113,800. The daily RSI indicates a neutral position. This figure indicates a potential rebound if buying pressure increases at the current levels. To further add to the institutional force, Michael Saylor, the CEO of MicroStrategy, announced the acquisition of 168 BTC at a price of $112,000, which supports the existence of further corporate interest in Bitcoin accumulation despite market dynamics. The fusion of the continuous ownership by SpaceX, consistent purchases by MicroStrategy, and minimal revocation by whales indicates that more institutions have become confident in the long-term direction of Bitcoin even when there is uncertainty in the short-term.SpaceX has transferred 2,495 Bitcoin, which is worth about 268.47 million dollars, to two new blockchain addresses after three months of wallet inactivity. SpaceX (@SpaceX) has transferred 2.49K $BTC, worth $268.47M, to a new address after being dormant for 3 months.– 1.197K $BTC to bc1qq787– 1.298K $BTC to bc1qj7enhttps://t.co/sHZdsBsJor pic.twitter.com/fqMDO8A0wA— Onchain Lens (@OnchainLens) October 21, 2025 On-chain data says that 1,197 BTC were transferred to address bc1qq787 and 1,298 BTC were transferred to address bc1qj7en. The two wallets are silent post-transfer, and no indication of subsequent transfers is evident, and thus the transfer was possibly done to move internal assets but not an external sale. It is one of the most notable on-chain transfers of SpaceX in 2025 and shows that the company still holds a substantial position in the asset. SpaceX’s Bitcoin Holdings Remain Substantial Prior to the recent transfer, SpaceX had 8,285 BTC in its primary wallet, valued at the tune of roughly $893 million. Even after the transfer, a large portion of its Bitcoin remains dormant, indicating a long-term holding. At the same time, Bitcoin stands at a price of $107,600, and it is struggling to break a resistance level of about $114,000. Bitcoin has not yet been able to overcome the resistance zone and is currently consolidating at important support levels. Market Sentiment and Institutional Activity In the overall market, Bitcoin Spot ETFs managed to record net outflows of 372 BTC on October 21, indicating weak cooling of a highly volatile week. The trading volume has been stagnant at 61 billion, although this is a 2.8% decrease from that of the previous day, showing reduced speculative activity. According to the technical indicators, Bitcoin is hovering around the support level of approximately $99,000 to $101,000, while the EMA 50 stands at $113,800. The daily RSI indicates a neutral position. This figure indicates a potential rebound if buying pressure increases at the current levels. To further add to the institutional force, Michael Saylor, the CEO of MicroStrategy, announced the acquisition of 168 BTC at a price of $112,000, which supports the existence of further corporate interest in Bitcoin accumulation despite market dynamics. The fusion of the continuous ownership by SpaceX, consistent purchases by MicroStrategy, and minimal revocation by whales indicates that more institutions have become confident in the long-term direction of Bitcoin even when there is uncertainty in the short-term.
SpaceX Moves $268M in Bitcoin After Three Months of Dormancy: Dump Incoming?
SpaceX has transferred 2,495 Bitcoin, which is worth about 268.47 million dollars, to two new blockchain addresses after three months of wallet inactivity.
On-chain data says that 1,197 BTC were transferred to address bc1qq787 and 1,298 BTC were transferred to address bc1qj7en. The two wallets are silent post-transfer, and no indication of subsequent transfers is evident, and thus the transfer was possibly done to move internal assets but not an external sale.
It is one of the most notable on-chain transfers of SpaceX in 2025 and shows that the company still holds a substantial position in the asset.
SpaceX’s Bitcoin Holdings Remain Substantial
Prior to the recent transfer, SpaceX had 8,285 BTC in its primary wallet, valued at the tune of roughly $893 million. Even after the transfer, a large portion of its Bitcoin remains dormant, indicating a long-term holding.
At the same time, Bitcoin stands at a price of $107,600, and it is struggling to break a resistance level of about $114,000. Bitcoin has not yet been able to overcome the resistance zone and is currently consolidating at important support levels.
Market Sentiment and Institutional Activity
In the overall market, Bitcoin Spot ETFs managed to record net outflows of 372 BTC on October 21, indicating weak cooling of a highly volatile week. The trading volume has been stagnant at 61 billion, although this is a 2.8% decrease from that of the previous day, showing reduced speculative activity.
According to the technical indicators, Bitcoin is hovering around the support level of approximately $99,000 to $101,000, while the EMA 50 stands at $113,800. The daily RSI indicates a neutral position. This figure indicates a potential rebound if buying pressure increases at the current levels.
To further add to the institutional force, Michael Saylor, the CEO of MicroStrategy, announced the acquisition of 168 BTC at a price of $112,000, which supports the existence of further corporate interest in Bitcoin accumulation despite market dynamics.
The fusion of the continuous ownership by SpaceX, consistent purchases by MicroStrategy, and minimal revocation by whales indicates that more institutions have become confident in the long-term direction of Bitcoin even when there is uncertainty in the short-term.
Market Opportunity
Ambire Wallet Price(WALLET)
$0.00871
$0.00871$0.00871
USD
Ambire Wallet (WALLET) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Stellar (XLM) Jumps 7% as $0.183 Breakout Signals Potential Reversal
Stellar (XLM) is attempting to stabilize after a recent pullback, with a new update highlighting a key breakout level that could shape the token’s short-term price
Share
Tronweekly2026/02/07 06:00
Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC
The post Franklin Templeton CEO Dismisses 50bps Rate Cut Ahead FOMC appeared on BitcoinEthereumNews.com. Franklin Templeton CEO Jenny Johnson has weighed in on whether the Federal Reserve should make a 25 basis points (bps) Fed rate cut or 50 bps cut. This comes ahead of the Fed decision today at today’s FOMC meeting, with the market pricing in a 25 bps cut. Bitcoin and the broader crypto market are currently trading flat ahead of the rate cut decision. Franklin Templeton CEO Weighs In On Potential FOMC Decision In a CNBC interview, Jenny Johnson said that she expects the Fed to make a 25 bps cut today instead of a 50 bps cut. She acknowledged the jobs data, which suggested that the labor market is weakening. However, she noted that this data is backward-looking, indicating that it doesn’t show the current state of the economy. She alluded to the wage growth, which she remarked is an indication of a robust labor market. She added that retail sales are up and that consumers are still spending, despite inflation being sticky at 3%, which makes a case for why the FOMC should opt against a 50-basis-point Fed rate cut. In line with this, the Franklin Templeton CEO said that she would go with a 25 bps rate cut if she were Jerome Powell. She remarked that the Fed still has the October and December FOMC meetings to make further cuts if the incoming data warrants it. Johnson also asserted that the data show a robust economy. However, she noted that there can’t be an argument for no Fed rate cut since Powell already signaled at Jackson Hole that they were likely to lower interest rates at this meeting due to concerns over a weakening labor market. Notably, her comment comes as experts argue for both sides on why the Fed should make a 25 bps cut or…
Share
BitcoinEthereumNews2025/09/18 00:36
Crypto execs met with US lawmakers to discuss Bitcoin reserve, market structure bills
Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week. Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more
Share
Coinstats2025/09/18 03:30