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Just spotted something on-chain: 401.28 BTC (worth around $35M) moved from an anonymous wallet to another anonymous address back in late December, and then 12 BTC from there went to a major exchange. Typical pattern you see with large holders moving coins around - they route through intermediary addresses before hitting an exchange. The amounts are substantial enough that it usually signals either profit-taking or repositioning. These kinds of anonymous-to-exchange flows are worth tracking if you're watching whale movements. Could be interesting to see if this was consolidation or distribution.