Wu says he has learned that, according to monitoring by Onchain Lens, a wallet associated with Lombard Finance transferred 750 BTC to Galaxy Digital, worth about $47.8 million at current prices. On-chain analysis believes the movement is likely related to an over-the-counter OTC transaction.

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ChainHodler
· 4h ago
At around 750 BTC, it looks like an over-the-counter trade between institutions, so it shouldn’t have much impact on the market.
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GasRebateKing
· 4h ago
Still OTC? Big money isn’t using exchanges anymore right now—are they afraid of slippage, or afraid of being watched?
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NightOwlTrader
· 4h ago
If this is an OTC trade, then these 750 BTC may have already changed hands to a particular institutional client, and the price is definitely discounted compared with the market price.
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CrossChainLobster
· 4h ago
Lombard Finance and Galaxy Digital’s moves this round are quite intriguing—once the on-chain data comes out, retail investors will start speculating again.
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RarityArchaeologist
· 4h ago
$40 million just cycled around on-chain like that, and it really feels like the big players in the crypto world are playing on a grand scale—we can only watch the spectacle.
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