Now this one feels… coordinated.
A large chunk 4,500 $BTC , roughly $295M was moved out, and it didn’t go to just one place. NYDIG sent the funds across multiple major trading desks: Wintermute, Cumberland, FalconX, B2C2 Group, and Galaxy Digital.
That kind of distribution usually isn’t random… it’s structured. When size like this gets split across multiple market makers, it often points to one thing ..execution. Slow, controlled selling rather than a single heavy dump. And timing-wise, about 18 hours ago… right when the market’s already been a bit shaky.
So yup, nothing confirmed outright -- but flows like this tend to speak for themselves.
tx: a5b89607dfd87d7e8e9adc74d0b9254fe462d65cf54ba42ccae9f7a299bd6e7f
A large chunk 4,500 $BTC , roughly $295M was moved out, and it didn’t go to just one place. NYDIG sent the funds across multiple major trading desks: Wintermute, Cumberland, FalconX, B2C2 Group, and Galaxy Digital.
That kind of distribution usually isn’t random… it’s structured. When size like this gets split across multiple market makers, it often points to one thing ..execution. Slow, controlled selling rather than a single heavy dump. And timing-wise, about 18 hours ago… right when the market’s already been a bit shaky.
So yup, nothing confirmed outright -- but flows like this tend to speak for themselves.
tx: a5b89607dfd87d7e8e9adc74d0b9254fe462d65cf54ba42ccae9f7a299bd6e7f