Looking at the Arkham data, there have been quite large movements from addresses related to BlockFi. Yesterday, it seems over 12,000 ETH were sent out at once, amounting to over $10k. Since BlockFi is currently undergoing bankruptcy proceedings, it appears to be movements resulting from the asset settlement process.



The recipient is said to be an institutional trading platform service, likely aiming to manage large assets securely. In the case of BlockFi, since creditor distributions and asset liquidations are ongoing, such movements are expected to continue, but because everything is transparently recorded on the chain, the market is paying attention. Before the BlockFi case, there have been several large asset movements, and market reactions have varied each time.
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