Arkham

A bitcoin wallet inactive since 2011 moved nearly 50 BTC worth about $3.2 million to a SegWit address with prior links to FalconX-labeled deposits. The coins remained at the receiving address as of Friday morning, leaving the holder’s intent unclear.

Bitcoin weakened over the past 24 hours as renewed U.S.-Iran hostilities pushed oil prices higher and traders reduced exposure to risk-sensitive assets. With June CPI due later today, markets are watching whether inflation data will ease or reinforce expectations for a July Federal Reserve rate increase.

U.S. government-linked wallets transferred about $288 million in seized bitcoin and ether to Coinbase Prime, with bitcoin routed through fresh intermediary wallets and ether sent directly. The transfers have drawn market scrutiny because they follow a March 2025 executive order tied to a Strategic Bitcoin Reserve, though the movements do not confirm a sale.