Bitcoin is moving from long-term holders into new addresses managed by ETFs
Bitcoin ETFs, first approved by the SEC in January 2024 after more than a decade of denials, allow investors to gain exposure to BTC without the need to buy, hold, and store Bitcoin directly, avoiding the complexity of crypto exchanges and wallets. BlackRock's Bitcoin ETF alone now holds over $83 billion in assets under management.
https://finance.yahoo.com/news/bitcoin-etf-flows-save-btc-162652497.htmlThere is nothing to discuss here. If a long term hodler decides to move his coins to a centralised platform, that's his choice. Maybe he decides to sell his coins to an ETF provider or convert it into shares.
It's no big deal.