Bullish
BitMEX Moves 367.65 BTC Worth $23.92M From Cold To Hot Wallet
2026-08-09 01:23
Arthur Hayes-linked BitMEX account transferred 367.65 BTC ($23.92M) to a hot wallet, part of a weekly pattern likely facilitating retail withdrawals amid closure.
Woofun AI data shows that a BitMEX account controlled by Arthur Hayes moved 367.65 BTC, valued at approximately $23.92 million, from a cold storage address to a hot wallet four hours ago. This transaction follows a series of similar movements over the past week, which appear linked to processing retail investor withdrawals after BitMEX announced its closure last month. The source cold wallet address is bc1q...srq64.
WOOFUN AI
Impact Assessment · Quick Read
The transfer of significant BTC reserves to a hot wallet indicates active liquidity management during BitMEX's wind-down phase. Such movements are typically necessary to fulfill withdrawal requests but may signal increased operational activity as the exchange prepares for final settlement. Investors should monitor subsequent on-chain flows to gauge the pace of asset distribution.
Generated by WOOFUN AI · For reference only, not investment advice
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