Large Bitcoin movement tracked on-chain: 1,200 BTC valued at approximately 109.3 million USD has just been transferred from an unidentified wallet address to institutional holdings on a major compliance-focused exchange platform. This substantial transfer caught the attention of market monitors, as moves of this scale often signal significant institutional or whale activity. Such large-volume transactions frequently precede notable market shifts or reflect strategic positioning by major holders. Traders and analysts continue to track similar on-chain movements as key indicators of market sentiment and potential price action.