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Two dormant wallets moved 1,650 BTC worth $127M to Falconx, signaling possible big institutional activity.

Market News
25 May 2026
Bitcoin
View Source
Neutral
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Two bitcoin wallets that had been inactive for over a year transferred a combined 1,650 BTC, valued at about $127 million, to Falconx, a U.S.-based institutional prime brokerage. This move is significant because Falconx serves institutional clients for custody, OTC trades, and block deals rather than retail spot sales, suggesting the transfer could be for repositioning collateral, OTC deals, or custody changes rather than immediate selling. Such large transfers from dormant wallets often attract attention as potential market signals. The identities of the wallet owners remain unknown, and this activity adds to recent trends of institutional accumulation amid Bitcoin's stable price near $77,000 in May 2026.

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