$147.39M of BTC moved on-chain on Ethereum — a high-value flow worth noting but carrying no on-chain forensic red flags at this time.

Transaction 0xc1f6b0a9db7cecfeb3b617d1680c4402d77ff1d934717b5300b5cd463e0adcc0 shows the movement of this sum on the Ethereum network. The transfer itself exhibits no mixer interaction, no fresh-wallet anomaly, no dispersal pattern, and no ties to sanctioned addresses or bridge activity based on the available data.

Without those indicators, this reads as a straightforward large-value settlement or cold-wallet reorganisation. We will track whether it precedes exchange inflows or stablecoin conversion, as those would shift the liquidity picture for BTC/ETH majors.