$72.2M
Bitwise: Physical Bitcoin ETP
bc1q88uh22s59tfu6u2pv8smmt757u4cs0ay0x52palxudxutluhstlq6z4c5l
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Bitwise: Physical Bitcoin ETP
bc1qx79mxm5rfzg6g7pgxxztkq8nd0sgsnrvd6l79vtcpcru3t4afetq9emv75
Capital shifting between wallets, neutral flow change. $72.2M BTC moved from Bitwise: Physical Bitcoin ETP to Bitwise: Physical Bitcoin ETP on Bitcoin. Monitor follow-up routing to distinguish internal treasury rotation, market-maker rebalancing, bridge settlement, and true directional position change. Low priority whale flow: treat as context unless similar transfers repeat.