Arkham Intelligence data shows that Tesla has moved its bitcoin reserves for the first time in more than two years, causing some bitcoin traders to panic. CryptoQuant community analyst Maartunn said he speculated that Tesla may have moved BTC for the following reasons: 1. Compliance or internal audit: Tesla may transfer Bitcoin to meet accounting or legal obligations related to reporting or internal audit; 2. Wallet management: Tesla may use multiple wallets for operational purposes, but this seems unlikely. 3. Restructuring funds: Part of a strategy to restructure bitcoin holdings for future sales or loans.