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Crypto Pulse Daily: Satoshi-Era Whale Offloads $750M in BTC as Hedge Funds Exit Billions
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CoinGape Newsletter
February 23, 2026
The crypto market is bracing for high volatility amid rising geopolitical tensions. Fresh warnings of a possible US military strike on Iran within hours have further escalated the risk-off sentiment across financial markets.
A satoshi era whale has sold off millions in Bitcoin amid the current downturn in the market. This also comes as crypto hedge funds continue to dump billions as well from BTC funds.
 Bitcoin price dropped on Monday after renewed selling pressure sent the market to its lowest level since early February. The BTC fell to around $65,000 after a steep drop of 5%, a continuation of a one-month pullback of close to 25%. Bitcoin was unable to sustain over $70,000, and its inability to recover made traders even more cautious. |  COIN Stock Price has seen a surge on Sunday, climbing 3.26% to close near $171.35. The gain of $5.41 offered brief relief after weeks of turbulence. Despite the uptick, shares remain far below their prior highs above $440. The stock continues to mirror sharp swings across the cryptocurrency market. Coinbase remains one of the largest digital asset exchanges in the United States. Its performance is closely tied to Bitcoin and Ethereum price movements. |