$54.3M
NYDIG: Execution Hot Wallet
➔ Capital shifting between wallets, neutral flow change. $54.3M BTC moved from NYDIG: Execution Hot Wallet to Cumberland DRW 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.