Somebody is reducing their 3rd party risk, looks like, to me.
Not your keys, not your coins.
I've heard this is the beginning of the end for the bankster cabal.
Years ago somebody said to watch the derivatives because when they go, that's it.
And, here we are.
Could be but it must be a mega whale.
And i would never let that much on exchanges :D
IMO if it's 1 entity, I could imagine we see a lot of deposits on other exchanges soon. Because if this is trading capital, it would spread out IMO.