I just saw a very interesting movement on the chain. More than 2,600 BTC moving from various addresses to Gemini, totaling about 206 million dollars. These addresses seem to be connected, since they first consolidated the funds into a single address before sending to the exchange.



The curious thing is that it all started from anonymous addresses — like the one that begins with 12rLtMXhN1AdY6n1wRqtVRyY4qtzQBDdNp. The Arkham team flagged this, and ChainCatcher made it public. According to the data, the transaction took place around 06:07.

When you see this volume of Bitcoin being moved to an exchange, there's always the question: is it preparation to sell? Accumulation? The final address (bc1qwysszeske676l0t6vamv90zqtk5e6uudmh0t8a) also doesn’t give much clue. Anyway, movements like these always catch attention in the market.
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