As Bitcoin<\/a><\/strong> attempts to preserve its market structure<\/strong>, an on-chain alert has reignited concerns. According to analysts at Arkham Intelligence, wallets linked to Aleksey Bilyuchenko, the former BTC-e administrator and alleged Mt. Gox hacker, have recently reactivated<\/strong>.<\/p>\n\n\n\n Specifically, 1,300 BTC<\/strong>, worth approximately $114 million<\/strong>, were transferred to CEX (Centralized Exchanges). In crypto<\/a> parlance, a transfer from a cold wallet to an exchange is typically interpreted as an intention to sell. This movement comes amid sensitive liquidity conditions<\/strong>, where any massive order can trigger a bearish wick.<\/p>\n\n\n\n While this volume remains absorbable for the current market, the concern stems primarily from the remaining funds<\/strong>. Data shows that approximately $360 million worth of Bitcoin<\/a><\/strong> still remains in these wallets, constituting a veritable sword of Damocles capable of fueling FUD.<\/p>\n\n\n\n