Overview
- Arkham Intelligence analyst Emmett Gallic traced the sales to addresses associated with Aleksey Bilyuchenko.
- Roughly 110 BTC were sent to unidentified exchanges in the past seven days.
- The wallet cluster still holds about 4,100 BTC, indicating the selling program is ongoing.
- Analysts describe a phased liquidation intended to limit market disruption, with potential price and liquidity effects if activity quickens.
- Transfers to unknown venues obscure execution details and counterparties, complicating efforts to gauge market impact.