$50M
Binance: Hot Wallet 34
-> Huobi: Recovery
Stablecoins rotated between wallets, operational flow adjustment. $50M USDC moved from Binance: Hot Wallet 34 to Huobi: Recovery on Ethereum. 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.