In a significant whale activity, three addresses withdrew a total of 2,509.2 BTC, valued at approximately $221 million, from FalconX within a 13-hour period. Each address averaged a withdrawal of 836.4 BTC, indicating potential large-scale institutional or whale buying. The substantial outflow has prompted traders to reassess the risk-to-reward ratio of their positions, as the timing and magnitude of the withdrawals may signal a shift in market sentiment. On-chain analyst Yujin highlighted the activity as a possible indicator of changing market dynamics.