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3,978 BTC suddenly transferred, $370 million worth of funds mysteriously moved
[Crypto World] Another Major On-Chain Move!
Nearly 4,000 BTC (to be exact, 3,978 BTC) were just detected moving between two unknown addresses. At current prices, this transfer is worth close to $370 million.
Retail investors usually can’t play at this scale. It could be an institution reallocating between hot and cold wallets, a whale prepping for an OTC trade, or even internal fund management by an exchange.
The exact intention is unclear, but the market is always sensitive to such large transfers—after all, thousands of BTC being dumped or accumulated can easily make the price chart shake. In the short term, it’s worth keeping an eye on the subsequent flow of these funds.