Golden Finance reported that Arkham Intelligence data showed that Tesla transferred its Bitcoin reserves for the first time in more than two years, which panicked some Bitcoin traders. CryptoQuant community analyst Maartunn said that he speculated that Tesla may transfer BTC for the following reasons: 1. Compliance or internal audit: Tesla may transfer Bitcoin to fulfill accounting or legal obligations related to reporting or internal audits; 2. Wallet management: Tesla may use multiple wallets for operational purposes, but this seems unlikely; 3. Reorganization of funds: part of the strategy to reorganize Bitcoin holdings to cope with future sales or loans.