‼Potential sell-off? Whale shifts $295M in BTC to OTC desks as NYDIG moves 4,500 BTC

‼Potential sell-off? A large Bitcoin transfer is raising eyebrows after NYDIG moved 4,500 BTC—worth about $295.5M—from its execution hot wallet to major OTC desks. Breakdown of recipients: Wintermute received 2,000 BTC; Cumberland received 1,000 BTC; the remaining BTC went to firms including FalconX, B2C2 Group, and Galaxy Digital. The flow is roughly 5% of Binance's recent daily volume and is often associated with structured institutional distribution. While OTC execution can help absorb supply and limit market disruption, similar transfers in the past have coincided with price moves of around 2.8% to 11.2%. The market question now: is this setting up a short-term dip, or simply routine rebalancing?