Anonymous Whale Buys $182 Million cbBTC from Coinbase

An anonymous ETH whale accumulated 2,500 cbBTC worth approximately $182 million within 8 hours via Coinbase withdrawals. On-chain analysts disclosed this event as part of a larger accumulation strategy totaling 4,000 cbBTC since early February.

An anonymous ETH whale, identified by on-chain analysts, accumulated 2,500 cbBTC worth approximately $182 million through rapid withdrawals from Coinbase within a span of 8 to 10 hours on February 5, 2026.

This buying spree highlights the whale’s strategic move during a market dip, potentially influencing broader market perceptions and instilling confidence during uncertain times.

Throughout the course of February 2026, a major anonymous ETH whale increased its crypto holdings significantly. This whale’s activity involved acquiring 2,500 cbBTC, valued at $182 million, executed via Coinbase withdrawals. The effort took place from February 1, totaling approximately $500 million in digital assets. The address, often referred to as an “OTC whale,” showed no direct involvement from institutional bodies. It underscores a strong belief in subsequent market recovery.

The whale’s acquisition of cbBTC attracts attention across the cryptocurrency community. As cbBTC tracks BTC’s value, its large purchase is interpreted by on-chain analysts as a likely sign of anticipated market growth. It has created anticipation for potential gains in the BTC and cbBTC sectors. Analysts anticipate that this significant acquisition might influence market sentiments. Although the implications of these holdings are yet to be fully understood, the underlying trends indicate potential value appreciation. Recent activity suggests increased market confidence.

No official comments have been released from leading figures or institutions, leaving speculative interpretations dominant. Given the ongoing dynamics, @ai_9684xtpa, an on-chain analyst noted:

Future speculation regarding whale activity could affect market movements.

On-chain activity reflects whales adopting caution amid market corrections. As such moves contribute to speculative narratives, the presence of significant buying strategies in turbulent economies often supports market stability. Moreover, patterns from previous market dips suggest potential upticks. In light of historic trends in whale behavior, such sizable acquisitions may point to impending financial and market shifts. These dynamics foster discussions on the longer-term market impact and liquidity outcomes.