$BTW has a massive unlock coming, but on-chain activity is telling a different story.

101.7M tokens worth roughly $114.23M are scheduled to unlock tomorrow.

Yet the top 20 wallets show no negative outflows or distribution over the past two weeks.

Meanwhile, a fresh whale has added to its position and now holds 13.91M $BTW, worth around $15.72M. Two other wallets also accumulated 5M tokens each around the same time.

Big unlock ahead, but the major wallets aren't showing obvious signs of selling.

One thing to watch: crowded shorts could create more volatility before the market finds direction.