Winklevoss Twins Move $67 Million in Assets to Gemini

Blockchain analytics firm Arkham Intelligence tracked $60 million in Bitcoin and $7 million in Ethereum moving from custody to hot wallets. While the firm did not confirm an immediate liquidation, the timing mirrors previous movements that preceded market sales. Despite this latest shift, the twins retain more than $300 million in Bitcoin, having already realized approximately $1.7 billion in profits since they began accumulating the asset in 2015.

The transfer adds to a broader trend of market volatility. Bitcoin is currently struggling to maintain support, with prices dipping to $57,747 before a slight recovery toward $58,600. Institutional caution is mounting; Citigroup recently slashed its 12-month Bitcoin price target from $112,000 to $82,000, while U.S. spot Bitcoin ETFs recorded $4.5 billion in net outflows during June. Analysts warn that a failure to hold the $57,000 support level could trigger a slide toward $50,000.

Ethereum remains similarly pressured, trading near $1,572. Although corporate entities like SharpLink and Bitmine have expanded their treasuries—with Bitmine acquiring over 27,000 ETH in the last week—these purchases have not countered the heavy selling from institutional investors and whales. Market participants are now watching the $1,500 support zone; a breach of this floor could leave the asset vulnerable to deeper declines toward $1,400.