Overview
- Blockchain analytics firms reported that a long‑dormant wallet routed 2,650 BTC to FalconX and Cumberland in three transactions on Sunday while the address still holds about 6,000 BTC.
- Onchain Lens and Arkham Intelligence provided the transaction data, and analysts note that moves to trading firms often indicate OTC deals but do not prove an immediate public sale.
- Exchange balances have risen recently, with CryptoQuant data showing elevated Bitcoin inflows to Binance over several days, which increases visible supply that could be read as selling intent.
- U.S. spot Bitcoin ETFs recorded six straight sessions of net outflows totaling roughly $1.26 billion, reducing a source of visible buy demand at the same time these whale moves occurred.
- Traders should watch for follow‑up signs of selling such as further transfers to exchanges, growing exchange reserves, or large fills on public order books because those developments could push price toward recent support near $74,600.