Here’s How Bitcoin Price Reacted to the $1.26B Babylon Unstaking Event

• Babylon BTC staking protocol saw the unstaking of a massive 14,929 BTC. 
• This follows April 4’s unstaking where 256 BTC were unstaked in one day.
• BTC saw a temporary pullback after the unstaking, retesting the 20-day EMA.

The crypto market saw a huge Bitcoin move Wednesday when around 14,929 BTC, worth approximately $1.26 billion, was unstaked from Babylon, a popular decentralized Bitcoin staking protocol. 

On-chain data platform Lookonchain noted the event occurred around 10:30 AM UTC. The unstaked Bitcoin (BTC) was split across multiple addresses – a pattern often hinting at strategic moves by a large entity, possibly an institution.

About 5 hours ago, 14,929 $BTC($1.26B) was unstaked from Babylon.https://t.co/W2s7Df8XDbhttps://t.co/VeHEi6cSewhttps://t.co/tp24Ku2klghttps://t.co/MC0nocziga pic.twitter.com/eZBsPAyrBA

— Lookonchain (@lookonchain) April 17, 2025

The unstaking comes on the heels of Babylon’s recent $600 million airdrop of its native token, BABY, to early users. Smaller BTC unstaking amounts were already observed following that airdrop.

Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains

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