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#数字资产市场动态 On-chain monitoring agency Arkham analyst Emmett Gallic recently discovered an interesting on-chain activity — a well-known hacker-related wallet address has been densely transferring 1300 BTC to a certain exchange platform over the past week, worth over 114 million RMB.
It is worth noting that this address cluster currently holds 4100 BTC, valued at approximately 360 million USD. According to historical transaction records, they have sold a total of 2300 BTC.
What signals does this operation reveal? Large amounts of BTC continuously flowing to exchanges often indicate that holders are planning to exit or adjust their positions. Whether it’s phased liquidation or hedging risks, such on-chain data warrants close attention. For individual investors and market participants, tracking the movements of such whales can help better understand the deeper market logic.