On September 28, on-chain analyst Ai Yi (@ai_9684xtpa) monitored that after Bitget opened its BTC withdrawal portal, part of a 5,500 BTC protection fund was transferred in batches to Bitget hot wallets to prepare for withdrawals. According to BlockBeats On-chain Detection, 2,042.28 BTC have been moved so far, while 3,457.72 BTC remain on-chain.
The analyst said the tokens were transferred in advance and should not be equated with the actual amount withdrawn.