A $199K XAUt withdrawal ends a 48-day silence for wallet 0x8e04…5748

After no observable large flows for 48 days, this address moved nearly $200K in tokenized gold off an exchange, a pattern the detector associates with accumulation.

The timeline is clear: 48 days of inactivity (the longest gap in tracked on-chain data for this wallet) followed by a single reactivation to withdraw 49.0001 XAUt. That move represents one of only two prior large transfers ever observed from the address, placing this event inside a sparse but significant history.

With a detector conviction of 42/100, the signal is tentative. The direction, off an exchange, aligns with movement into self-custody rather than toward a sell-side venue, which is the basis for its bullish reading.

Next event: Whether this wallet sends more XAUt to a labelled venue or returns to inactivity.