$48.8M
Unknown wallet
bc1qkg4hd5dsh0ts4hadeun78xcrq8m26xd7a6enm2
->
Unknown wallet
bc1qdujw3v7l43vjgddpmls9t7ahdd6untl0ldktvu
Capital shifting between wallets, neutral flow change. $48.8M BTC moved between unlabeled wallets 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.