$BTW ANOTHER LARGE GATE HOT-TO-COLD TRANSFER
Another significant movement just caught my attention.
Around 34 minutes ago, 686,171 $BTW worth approximately $816.5K moved from Gate's hot wallet to its cold wallet.
This isn't the first time I've spotted this pattern. Another 195,267 BTW (~$218.7K) moved from Gate's hot wallet to cold storage two days ago.
Meanwhile, additional BTW movements have appeared across Gate and Bitget.
The latest transfer is worth watching, but hot-to-cold movements are generally related to exchange custody management. They don't automatically mean a whale is buying or that tokens are being permanently removed from circulation.
#BTW
Another significant movement just caught my attention.
Around 34 minutes ago, 686,171 $BTW worth approximately $816.5K moved from Gate's hot wallet to its cold wallet.
This isn't the first time I've spotted this pattern. Another 195,267 BTW (~$218.7K) moved from Gate's hot wallet to cold storage two days ago.
Meanwhile, additional BTW movements have appeared across Gate and Bitget.
The latest transfer is worth watching, but hot-to-cold movements are generally related to exchange custody management. They don't automatically mean a whale is buying or that tokens are being permanently removed from circulation.
#BTW
