A post by @whale_alert on X.

A single transfer of 1,690 BTC worth roughly $123.87 million moved between two unidentified wallets, according to Whale Alert. The transaction was flagged on-chain and recorded on the Bitcoin network, with no indication that either address belongs to a known exchange or institution. Because both counterparties are unknown, the move does not by itself signal buying or selling pressure, but transfers of this size draw attention as a potential precursor to exchange deposits or custody reshuffling. Traders typically watch whether the receiving wallet subsequently sends funds to a major venue, which would suggest intent to trade.