Analyst: Over 230,000 BTC moved on-chain in largest spend since start of 2026
- —More than 230,000 BTC worth over $21 billion were moved on-chain
- —Large $1 million+ UTXOs were spent in clusters, likely by a single entity
- —About $4.6 billion came from coins dormant for one to three years
- —No comparable spike in exchange-related UTXO spending was observed
Why it matters: If the move is an internal wallet reshuffle rather than a transfer to exchanges, selling pressure stays limited, but follow-on flows bear watching.
Source: PANews