Whale Alert: Anonymous Wallet Moves 1,275 BTC to Exchanges and OTC Desks

BitcoinWorld Whale Alert: Anonymous Wallet Moves 1,275 BTC to Exchanges and OTC Desks An anonymous whale wallet has transferred a significant amount of Bitcoin, totaling 1,275 BTC, according to onchain tracking service Onchain Lens.

The movement, detected earlier today, involved deposits to both centralized exchange and over-the-counter (OTC) trading desks, signaling a potential shift in the holder’s strategy.

Details of the Transaction Onchain Lens reported that the wallet first deposited 500 BTC to FalconX, a digital asset prime brokerage, and 274 BTC to Cumberland’s OTC desk.

Shortly after, another 500 BTC was moved to a new wallet address, which the tracking service suggests is likely earmarked for Galaxy Digital, a major institutional crypto services provider.