
Whale Alert flagged a transfer from an unknown wallet to the crypto exchange, a type of move traders often watch for potential selling pressure.
A transfer of 4,690 BTC valued at about $300,586,912 was sent from an unknown wallet to OKX, Whale Alert reported on July 25. Large deposits to centralized exchanges can draw market attention because they may signal an intent to sell, although the transaction alone does not confirm what the holder plans to do.