Overview
- On Oct. 21, a wallet tied to SpaceX moved 2,395 BTC worth about $268 million after roughly three months of inactivity.
- The BTC was split between bc1qq78… (~1,187 BTC) and bc1qj7e… (~1,208 BTC), and both addresses currently show no outflows and hold only Bitcoin.
- Arkham Intelligence data flagged by analyst Ai Yi and small pre-transfer Coinbase Prime transactions suggest an internal custody reorganization.
- Public trackers show the SpaceX-linked wallet at 5,790 BTC, down from 8,285 reported before the move, with the new receiving addresses remaining unmarked.
- Market participants are watching for any sell pressure as Bitcoin trades below $110,000, though many traders describe the activity as routine housekeeping.