$26.37M in CBBTC exits a smart contract in the single largest tracked on-chain move right now.

The funds were pulled from 0x5c64…d1dd on Ethereum, a smart contract wallet rather than a standard externally-owned account. The trigger transaction itself is the sole direct hop within our trace depth, and the counterparty destination remains a contract, continuing self-custody without immediately touching any exchange, mixer, or bridge.

Context deepens the signal: over the last 24 hours, CBBTC flows have been heavily inflow-leaning, with $81.10M sent to exchange-linked venues against only $17.58M pulled out across 169 transfers.