The blockchain-tracked move sent Bitcoin from an unknown wallet to PayPal, a transfer traders often watch for potential sell-side or custody-related activity.
A transfer of 1,891 BTC valued at $118,565,785 was recorded moving from an unknown wallet to PayPal. Large transfers to centralized platforms are often monitored by market participants because they can signal possible selling, internal treasury movement, or custody rebalancing, though the transaction alone does not confirm intent.