According to OnchainDataNerd, a trading entity known as Flow Traders has recently withdrawn a substantial amount of Bitcoin from the Bybit exchange. Specifically, 50 BTC, valued at $5 million, was removed an hour ago. Over the past 24 hours, the total withdrawal amounted to 1,584 BTC, approximately worth $159.71 million. Of this, 530 BTC, valued at around $53.47 million, was subsequently transferred to Fidelity. This movement of funds could indicate strategic reallocations or preparations for future market activities.