An anonymous whale wallet appears to have offloaded 1,275 BTC through a series of transfers flagged by Onchain Lens. The wallet deposited 500 BTC to FalconX and 274 BTC to Cumberland’s OTC desk (over-the-counter trading desk) earlier today, then sent another 500 BTC to a new wallet, with those funds likely headed to Galaxy Digital. Large holders often use brokers and OTC venues to execute sizable transactions with less visible impact on public order books than exchange sales.