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$400 million BTC movement in the early hours: What are the whales scheming behind the batch transfers?

[BitPush] This morning at 09:06, there was a significant unusual on-chain movement. Arkham data shows that a wallet from a leading exchange transferred 4683.39 BTC to an anonymous Address, which is approximately 406 million dollars based on the current price. Interestingly, after this money was received, a portion was split and transferred to another anonymous Address. Is this Whale operation a result of institutional rebalancing, or is there some other strategy at play? It is worth continuing to observe the subsequent developments.

BTC3.31%
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UnruggableChadvip
· 13h ago
Another trick to split the transfer, this time with 400 million BTC being tossed around, it looks like it's creating a fog.
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GateUser-9f682d4cvip
· 13h ago
It's this routine again, splitting transfers... either it's for laundering, or someone is about to dump.
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VitalikFanAccountvip
· 13h ago
Splitting the transfer trap, either prepare for dumping or you are fixing the Address, it depends on how it moves afterwards.
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gas_fee_traumavip
· 13h ago
Here we go again, this kind of dumping trap in the early morning... 400 million dollars just like that, what a bold move.
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CryptoHistoryClassvip
· 13h ago
ngl, the fragmentation pattern here screams 2017 all over again. pull up the charts from bitfinex's wallet movements back then... uncanny resemblance, tbh
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