Two wallets with no recorded activity for over a year deposited a combined 1,650 BTC into Falconx on May 25. The transfer included 1,000 BTC and 650 BTC, valued at roughly $127 million when bitcoin traded near $77,000. The prior dormancy suggests the holdings were accumulated during an earlier market phase and remained unmoved. Falconx operates as a U.S. prime brokerage for institutional clients, providing custody, lending, and services for OTC deals and block trades. A deposit to Falconx does not necessarily indicate immediate retail selling, and can instead reflect collateral repositioning, custody transitions, or preparation for institutional transactions.
"Two dormant wallets moved 1,650 BTC worth $127M to Falconx on May 25. Falconx, a prime brokerage for institutions launched in 2019, handles custody, OTC trades, and block deals. Bitcoin was trading near $77,000 when the previously inactive wallets executed the transfer."
"Onchain data has revealed that two wallets (with no recorded activity for over a year) deposited a combined 1,650 BTC into Falconx, a U.S.-based digital asset prime brokerage that provides trading, lending, and custody services primarily to institutional clients. Onchain data showing a transfer of 1,000 BTC and 650 BTC, per Arkham At bitcoin's current price of approximately $77,000, the transferred amount is worth around $127 million."
"Falconx is not a retail-facing exchange, operating primarily as a prime brokerage that large accounts use typically for over-the-counter (OTC) deals, collateral management, institutional block trades, or custody transitions rather than straightforward spot sells. That distinction is worth noting (especially when interpreting this large movement) because while a deposit to a retail platform readily implies sell intent, a Falconx deposit could suggest a wider range of possibilities, including repositioning collateral, executing an OTC deal with a counterparty, moving assets into institutional custody, or, less commonly, preparing for a direct market sale."
"Moves That Have Kept Traders on Alert Earlier in 2026, multiple wallets inactive for a decade or more were flagged for moving large bitcoin sums as the asset traded at multi-month highs. On March 20, a holder dating back to 2012 moved 2,100 bitcoin, preceded by another wallet that had transferred 1000 BTC just"
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