On-chain activity shows a major movement again. According to on-chain data tracking, at 12:16 PM today, someone transferred 144.16 Bitcoin from an anonymous address, worth about $13.29 million. After some intermediate transfers, only 0.00186944 BTC finally flowed into CoinCola.

At first glance, it might seem strange—why transfer such a large amount but only send in a tiny amount at the end? Industry insiders generally believe this is a typical address verification or probing behavior. Large outbound transfers may be for address migration or asset reorganization, but the small amount actually sent to exchanges is often used to verify address usability.

Recently, large on-chain movements have been quite frequent, and such transfer behavior warrants ongoing attention. It could indicate that some institutions or major holders are adjusting their positions.