$72.4M
Bitwise: Physical Bitcoin ETP
bc1qfmt4de7c4m6wqf37cf34d3xztyczfhmd7zmuletktfsde568jc5salwztt
➔
Bitwise: Physical Bitcoin ETP
bc1q9vspg6ef27qm9rpyrtlvurrax5k6x9jrannzwjwv80xflkrra9tqgyyeyc
Capital shifting between wallets, neutral flow change. $72.4M 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.