A post by @whale_alert on X.

Whale Alert reported a transfer of 1,602 BTC, valued at approximately $123.76 million, from the OKX exchange to an unknown wallet. The transaction, flagged by the on-chain tracking service, moves a nine-figure sum of bitcoin off a major centralized exchange into an unidentified destination. Large exchange outflows can signal holder intent to self-custody or over-the-counter settlement rather than immediate selling, though the wallet's ownership remains unconfirmed. The transfer is notable for its size relative to typical exchange flows and comes as market participants closely watch BTC liquidity and exchange balances. What to watch next: whether the receiving wallet is linked to a known institution, custodian or OTC desk, and whether further large transfers follow.