In the final days of November 2025, the cryptocurrency market witnessed massive movements by large wallets known as “whales” with billions of dollars’ worth of Bitcoin, Ethereum, and Ripple transferred to new wallets and decentralized platforms. These movements have reignited debate about the intentions of major investors and whether the market is preparing for a new phase of bullish or bearish activity.
Significant Withdrawals and Transfers
Data from blockchain-tracking platforms such as Whale Alert and Santiment showed that more than 14,000 BTC were withdrawn from exchanges to cold wallets — a clear signal of long-term holding intentions. Around $1.2 billion worth of Ethereum was also moved into lending protocols such as Aave and Compound while roughly 250 million XRP were transferred between unknown wallets and global exchanges.