1999 BTC transferred between unknown wallets, worth approximately $236 million, monitored by Whale Alert.

Ah, such a large amount of BTC moving mysteriously always makes me feel that something big is brewing in the market, especially in light of yesterday's news about whales accumulating 136 million WBTC and ETH, it feels like institutions are quietly positioning themselves for risk aversion.

Personally, I don't think this is purely money laundering, but a response to the selling pressure from ETH's unstaking, with BTC acting as a hard currency to preserve value.

If this continues, BTC might stabilize around the 118K mark, altcoins may face short-term pressure, but in the long run, this is a prelude to a bull market. I suggest paying more attention to on-chain data so as not to miss the opportunity to buy at the bottom.

In connection with Solana reaching new TPS highs, this wave of transfers may be DeFi funds migrating across chains. Keep an eye on next week's unlocks like ZRO, so you don't get left behind.