According to Lookonchain, two newly created wallets 0x387c02d749a1abc9763b7ca0a032036bb163ba4b and 0x5240cae15b3472ef3d974eb274dbbaf8a74d9fe0 withdrew 2.08 million APEX valued around USD 1.06 million from Bybit roughly 9 hours before the post, indicating a notable token outflow from the exchange, source: Lookonchain on X, Jan 3, 2026. Etherscan token transfer records for 0x387c02d749a1abc9763b7ca0a032036bb163ba4b and 0x5240cae15b3472ef3d974eb274dbbaf8a74d9fe0 show APEX inflows consistent with the reported magnitude and timing, source: Etherscan token transfer history for the two addresses. Large exchange outflows are commonly tracked by traders as potential signals of reduced immediate sell-side liquidity and possible accumulation phases in spot markets, source: Glassnode Insights research on exchange balances and asset flows. Traders can monitor Bybit APEX spot order book depth, perpetual funding, and any re-deposits from these two wallets to gauge near-term liquidity and directional intent, source: CryptoQuant research on exchange inflows and outflows as market indicators.