Whale moves 4,500 BTC, raising possibility of $295.5M sell-off

A large whale has moved approximately 4,500 BTC, worth around $295.5 million, raising the possibility of a sell-off, according to Lookonchain. On-chain data indicates that NYDIG transferred the assets to major market makers, including Wintermute, Cumberland, FalconX, B2C2, and Galaxy Digital. Market analysts suggest the transfer could be intended for either liquidity provision or a sale, potentially impacting short-term supply and demand.