Winklevoss Twins Transfer $67M in BTC and ETH to Gemini on July 1

According to Arkham Intelligence, Cameron and Tyler Winklevoss transferred approximately $60 million in Bitcoin and $7 million in Ethereum to Gemini wallets on July 1, totaling $67 million. The blockchain analytics firm characterized the movement from cold custody to exchange-linked hot wallets as consistent with their established selloff pattern, though no actual sale has been confirmed. The twins retain more than $300 million in Bitcoin holdings.

The transfer arrived amid intensifying market headwinds. Citigroup cut its 12-month Bitcoin price target from $112,000 to $82,000 and reduced its Ethereum forecast from $3,175 to $2,240. U.S. spot Bitcoin ETFs recorded approximately $4.5 billion in net outflows during June, reflecting sustained institutional redemption pressure.