$217.5M
3IQ: QBTC The Bitcoin Fund
bc1qf6vc30jjmgkrayazenc8kxdatqg28jd0qhcvwc
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3IQ: QBTC The Bitcoin Fund
38c5isniJSYYPTD8x5aw9pA1d3eDvugBkp
Capital shifting between wallets, neutral flow change. $217.5M BTC moved from 3IQ: QBTC The Bitcoin Fund to 3IQ: QBTC The Bitcoin Fund 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.