I just took a quick look at the on-chain data, and one detail caught my eye.

A $16 million transfer—not huge, but not small either. If you can’t make sense of a large transfer, it’s better to ignore it than to make wild guesses.

I don’t usually pay much attention to individual transactions like this, but when several show up in a row, they’re worth watching—that means it probably isn’t a coincidence.

#BTC #On-chain