A post by @whale_alert on X.

A wallet labeled as unknown received 1,200 BTC, valued at roughly $90.84 million, from the Bybit exchange in a single transfer flagged by Whale Alert. The movement represents one of the larger single Bitcoin withdrawals tracked by the on-chain monitoring service, shifting a nine-figure sum out of a major centralized venue. Because the destination wallet has no public label, the transfer could reflect a large holder moving coins into cold storage, an over-the-counter desk positioning, or an institutional custodian rebalancing. Bitcoin's price at the time of the transfer implied a per-token value of about $75,700. Traders will watch whether the receiving address consolidates further inflows or sends coins back to exchanges, since a return flow would suggest renewed selling pressure while continued accumulation would point to longer-term holding.