{"id":60794,"date":"2025-11-28T00:01:30","date_gmt":"2025-11-28T00:01:30","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=60794"},"modified":"2025-11-28T00:01:30","modified_gmt":"2025-11-28T00:01:30","slug":"spacex-moves-105m-in-bitcoin-as-custody-shift-toward-coinbase-prime-continues","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=60794","title":{"rendered":"SpaceX Moves $105M In Bitcoin As Custody Shift Toward Coinbase Prime Continues"},"content":{"rendered":"
\n

Bitcoin has finally broken above the $90,000 mark after days of struggling to reclaim this key psychological level. The move comes during a period of sharp volatility and persistent selling pressure that continues to dominate market sentiment.<\/p>\n

Analysts remain divided, but a growing number are calling for the official start of a bear market as BTC trades nearly 30% below its all-time high and fails to establish a convincing recovery structure. Fear remains elevated, and confidence among both retail and institutional investors is weakening.<\/p>\n

Adding to the uncertainty, new data from Arkham<\/a> reveals that SpaceX transferred out another 1,163 BTC\u2014worth approximately $105.23 million\u2014just a few hours ago. The transfer appears to have been routed to Coinbase Prime, suggesting a potential custody shift by the company. Such large movements often spark concern in the market, as they may signal repositioning, selling preparation, or treasury adjustments by major corporate holders.<\/p>\n

\"SpaceX<\/p>\n

While Bitcoin\u2019s push above $90K provides temporary relief, it does little to change the broader narrative: the market remains under pressure, liquidity is thinning, and macro-driven<\/a> uncertainty continues to shape price action. The coming sessions will determine whether BTC can build momentum or slip back into deeper correction territory.<\/p>\n

SpaceX\u2019s Bitcoin Movements Add New Layer of Market Uncertainty<\/h2>\n

According to data<\/a> from Arkham, SpaceX currently holds 6,095.45 BTC, valued at roughly $550 million at today\u2019s prices. This substantial treasury position places the company among the larger corporate Bitcoin holders, and its recent on-chain activity has quickly drawn attention across the market.<\/p>\n

The latest transfer\u20141,163 BTC moved just hours ago\u2014marks a meaningful shift in activity for SpaceX, especially considering the company has been largely inactive in terms of BTC movements for months.<\/p>\n

\"SpaceX<\/p>\n

Arkham reports that this is SpaceX\u2019s first notable transaction since October 29, when the company transferred 281 BTC to a new wallet address. While the motives behind these transfers remain unknown, traders typically monitor such moves closely, as large corporate holders can influence market sentiment.<\/p>\n

Transfers to Coinbase Prime\u2014as suspected in the latest movement\u2014often suggest custody adjustments, treasury restructuring, or preparations for strategic repositioning.<\/p>\n

For now, there is no clear indication that SpaceX is reducing its Bitcoin exposure. However, the renewed on-chain activity comes at a sensitive moment for the market, which is struggling with selling pressure, fear, and broad speculation about an emerging bear phase.<\/p>\n

As long as major smart-money entities remain active, Bitcoin\u2019s short-term direction may continue to experience heightened volatility.<\/p>\n

Attempted Recovery but Still Under Pressure<\/h2>\n

Bitcoin is showing signs of recovery after plunging to new local lows last week, with the price now pushing back above $91,000. The chart shows a sharp bounce from the sub-$82,000 zone, which acted as a temporary support during the capitulation phase. However, despite this rebound, BTC remains below all major moving averages\u2014the 50-day, 100-day, and 200-day\u2014which reinforces the broader bearish structure.<\/p>\n

\"BTC<\/p>\n

The recent upswing reflects short-term relief rather than a confirmed trend reversal. Volume spiked heavily during the sell-off, indicating forced liquidations and panic selling. But the current bounce is happening on lighter volume, suggesting that buyers are cautious and not yet committing with strong conviction.<\/p>\n

Structurally, Bitcoin must reclaim the $95,000\u2013$98,000 zone, where the 50-day and 100-day moving averages converge.<\/p>\n

This area represents the first major resistance cluster and will determine whether the market is transitioning into a recovery or simply forming a lower high before another leg down. Failure to break above this band could invite renewed selling pressure.<\/p>\n

Featured image from ChatGPT, chart from TradingView.com<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Bitcoin has finally broken above the $90,000 mark after days of struggling to reclaim this key psychological level. The move comes during a period of sharp volatility and persistent selling pressure that continues to dominate market sentiment. Analysts remain divided, but a growing number are calling for the official start of a bear market as […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-60794","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60794","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=60794"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/60794\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=60794"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=60794"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=60794"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}