$39.4M
Fidelity Custody
->Unknown wallet
Capital shifting between wallets, neutral flow change. $39.4M BTC moved from Fidelity Custody to an unlabeled destination on Bitcoin. Monitor the follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and exchange wallet management from a true directional position change, because similar routes can look bullish or bearish without full context. Low priority whale transactions capital flow: treat as context unless similar transfers repeat.