According to @EmberCN, three addresses withdrew a total of 2,509.2 BTC from FalconX over the past 13 hours, with 836.4 BTC per address and an estimated value of about $221 million, citing Arkham Intelligence address pages at intel.arkm.com/explorer/address/32t7CyeQ5HMSnnnmLEKYJhqBocEMPHEVCq, intel.arkm.com/explorer/address/3Ev15ETyusbhULAxtPs1vXXrAqJHfDbsWt, and intel.arkm.com/explorer/address/35hG5iJGYsojY7F6jdHEQ3PjkTzdpvv2Vd. According to @EmberCN, this flow is framed as potential dip-buying by a whale or institution, a context traders may monitor for accumulation signals given the Arkham-labeled outflows from FalconX cited above.

According to @lookonchain, two newly created wallets received a combined 51,255 ETH valued at about 213 million dollars from FalconX over the past 10 hours, source: @lookonchain on X. According to @lookonchain, the wallets are likely linked to Bitmine, source: @lookonchain on X. According to @lookonchain, this flow is characterized as whales buying ETH, source: @lookonchain on X. The recipient addresses cited by @lookonchain can be monitored via Arkham Intel for verification of the transfers, source: https://intel.arkm.com/explorer/address/0x8f28bE380dfbdBE5273A7920cf9DFb719332722B and source: https://intel.arkm.com/explorer/address/0xB471b1F623F33248C3da6a5C9B9C80F5c8985FEB.